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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?


To: vampire who wrote (44534)6/16/2000 8:59:00 AM
From: Zeev Hed  Read Replies (3) | Respond to of 93625
 
I expect the MM's to play this one hard today, chose a price near the $60 area and put a GTC, split the order, IMHO. This move by RMBS will be for real, IMHO. Technical breakout with a major fundamental development, quite a find, but not all participants are going to grasp the importance of this announcement at once. Some (like my cyberfriend Earlie, and possibly Carl) may use a run to the $75 area (the next overhead resistance, which I believe will be short lived) to short more. I believe that will be a mistake.

Zeev