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


To: Gary Wisdom who wrote (15701)2/17/1999 7:11:00 PM
From: Gary Wisdom  Read Replies (1) | Respond to of 93625
 
Oh yeah. I do have one more thing to add (before I pass out)

Doesn't it seem strange that these guys won't sell their stock at $76 (yesterday), but sell it plentifully today at $68?

Call me cynical, but if I really wanted out of Rambus, I would have done it yesterday or before then.

IMHO, this is shorts pressuring the stock. That's fine. Gives us a chance to buy some at lower prices.

Ok, passing out now. <ggg>



To: Gary Wisdom who wrote (15701)2/17/1999 7:45:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 93625
 
Gary, I am still sticking with the forecast I gave Mile for the year end scenario, $61 or so as the low and a double from there by the end of the year. Of course, as usual, I reserve the right to be absolutely wrong and to change my mind and change it often (G). Lucky, I did not yield to temptation last week to jump in for a trip at $71. I expected last Wed to be the turn in the market, but is seems that my turnips were right for just one fake day.

Zeev




To: Gary Wisdom who wrote (15701)2/17/1999 11:31:00 PM
From: MileHigh  Read Replies (1) | Respond to of 93625
 
Gary,

I watched the tape today, saw what I interpreted to be shorts coming in around 72 or so- 50K, 10K, 10K, 10K, big trades, trades were not at the ask but just above bid. Price didn't move much at all, then the sell off. I think we just saw some heavy shorting today.

Any comments?

MileHigh