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


To: Rosemary who wrote (10573)11/29/1998 2:26:00 PM
From: WILLIAM C KLEMA  Read Replies (1) | Respond to of 93625
 
MileHigh and Rosemary, my guess is the shorts REALLY felt pain last week and probably helped push RMBS up significantly .... especially on Friday!

Or ... instead of covering ... do they short some more? If you like it as a short at $70, you gotta love it as a short at $94 and change?

Not me, the story here is just to good to go against this company.

By the way, my guess for $125 is December 17th (the day before AMZN splits 3 for 1 and the day before options expiration). At least that is my DREAM! I'll take profits at 124 and 1/2! (Hee Hee Hee!!!)

In all honesty, I think the whole market is about 10% overbought, but I am not fighting the trend or Big Al. Maybe we go to 20% overbought?