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

To: MileHigh who wrote (11076)	12/3/1998 6:45:00 PM
From: Gary Wisdom	Read Replies (2) \| Respond to of 93625

I can't believe that some still just don't get it. Rambus is, and always has been, an extremely thin stock. There are few interested parties outside of us loyalists. What I mean is that there are some institutions in Rambus, but on the whole, very few. Most of the trading is between us and the market makers. Rambus went up $9 in less than 15 minutes this morning on less than 210K shares. That many shares would move Dell 1/16. This stock is very easily manipulated. I guarantee you that the mm's were shorting all the way up to $102. They had to. There are never enough sellers in that short a period of time to provide the stock. Just the same, it went down at day end. No buyers to absorb the sales. What does this mean? It just means that you can't look too much into intraday swings and you should never try to scalp an 1/8. If there are no big buyers this next week, Rambus will be down hard as the mm's punish sellers. Likewise, if there are any big buyers, it'll be up. This is not your Grandfather's Buick.