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

To: MileHigh who wrote (15724)	2/18/1999 6:05:00 AM
From: Gary Wisdom	Respond to of 93625

Milehigh, re: shorting As I posted earlier, the volume was not heavy yesterday. It is very possible that the blocks that were flying by were shorts. I don't know. However, I do know that the stock got sucked down into a black hole on the backs of retail selling. Average size of trades from $70 to $67 1/2 was less than 400 shares. Not saying that won't continue. As I've stated earlier, there are more weak hands in Rambus than any stock I've seen (with the possible exception of the internets). However, the 200 dma is coming up. If it holds, I hold. If it doesn't, I'm gone. Very simple. It's awfully special how the bears come out only when the stock goes down. And how they disappear when the stock goes up. On paper, those guys must be making a million. However, the real world is inhabited by those willing to put their money on the table. Right now, every single person that bought Rambus before November is still up on their investment. That's not a bad record at all. As for me, I'm down on my current lot. Not happy about it, but not ready to bail. As opposed to last year, Rambus is now just one stock in my portfolio. And should I lighten up in the near future, it's exactly that: lightening up. No way will my portfolio ever be Rambus-less again. As I posted the other day, if you are uncomfortable with the amount of Rambus you have in your portfolio, lighten up. The world is not ending. This sell-off is both healthy and bogus. Volume has been extremely light since February 1. The institutions are simply letting the market correct. They are not bailing. If they were, you'd see billion+ days every day. You aren't seeing those, are you?