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

To: MulhollandDrive who wrote (7516)	9/28/1998 4:11:00 PM
From: wily	Read Replies (2) \| Respond to of 93625

My take is today was a pre-Fed meeting selloff, similar to selling on the news, and Rambus, being a spooky feller reacted more than most. wily

To: MulhollandDrive who wrote (7516)	9/28/1998 4:19:00 PM
From: Ibexx	Respond to of 93625

bp, Re. I watch. All were trading well off the highs for the day. Except for DELL. Sold puts again last week. Ibexx

To: MulhollandDrive who wrote (7516)	9/28/1998 5:28:00 PM
From: TigerPaw	Read Replies (1) \| Respond to of 93625

Any clues? NO I do have opinions. I think the Fed is pressuring the hedge funds to unwind various positions and move to lower margin levels. As such I think there were funds with short positions in RMBS. Even though this was not the best time to cover I think they were pressured into it and this mornings rise was an unusual type of short squeeze. Once the squeeze ended there were not very many buyers so the price dropped. All told things could get interesting over the next month or so. TP