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


To: MileHigh who wrote (7601)9/29/1998 10:32:00 PM
From: Gary Wisdom  Read Replies (1) | Respond to of 93625
 
Milehigh, re: <<they could have bought their 150K shares 60 minutes earlier>>

Milehigh, my Rambus compadre, you're missing the point.

They could not have bought that much at $62 an hour earlier.

For if they started buying, that buying would have forced the price higher as it did. That's why Rambus moves up and down so much.

It is a thinly traded stock. Anytime anyone wants to buy or sell size, it really moves the stock since there is not size usually posted on the bid or ask size.

I have no idea where the stock will be tomorrow, next week, or the following month.

I just know H&Q was agressively buying. That's good enough for me.