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


To: jopawa who wrote (9445)11/10/1998 3:27:00 PM
From: MulhollandDrive  Read Replies (3) | Respond to of 93625
 
If they were accumulating early last summer and had a target of say $85 we could possibly see selling pressure. I just find it somewhat worrisome with RMBS relatively small float, one fund controlling that much stock. If you live by a large fund taking a position, you can die by it, too. As an individual investor, I think it bodes well, but wouldn't hate to be the fund buying at 80 and Fidelity starts liquidating. As I said, we don't know when they bought, what they paid, and what their long term objectives are.

bp