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

To: jmanvegas who wrote (13726)1/16/1999 5:09:00 PM
From: Alan Hume  Read Replies (1) | Respond to of 93625
 
Hi jmanvegas

(where did you get the handle from?)

Nah, Edelston is an ANALyst and is shroud. My take on it was that he KNEW there would be no surprises (speak disappointment), so he quite cleverly downgraded 3 days before results, coincidentally <g> on an all time high. He a) makes a bundle on it b) a better entry point for his clients and c) gets brownie points for his employers.

Remember when 5kk shares change hands, it takes both buyers and sellers. And going up $8 on the day tells us that there were more buyers than sellers out their.

Sure we will dick around a bit until we find the the next ceiling, and I am guessing it will be 95-100

Alan



To: jmanvegas who wrote (13726)1/17/1999 9:00:00 PM
From: DownSouth  Respond to of 93625
 
Hello, jman.
I believe it is clear that Edelstone downgraded from buy to hold on RMBS because the stock reached his earlier price target. He also knew, it is apparent, that there were no good surprises to come from earnings announcement.

Whether he had alterior motives having to do with price manipulation...I suspect he did and it worked and he took advantage of it.


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