SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?


To: unclewest who wrote (20879)5/26/1999 5:44:00 PM
From: Don Green  Read Replies (2) | Respond to of 93625
 
Unclewest..

Again sorry to disagree, but that move you referenced had died recently and IBM was taking the Techs and the overall market down with it. quote.yahoo.com

Today's move I think was related to pre-split buying.. more than anything else.

The split (IBM) is going through a 2 for 1 stock split effective Thursday, May 27 , 1999. ) may be the real reason for the run-up today..

But we should know by Friday whether this rebound was for real.

regards
don



To: unclewest who wrote (20879)5/26/1999 5:50:00 PM
From: TST  Read Replies (1) | Respond to of 93625
 
What do you think of this. You are an institutional investor. You take a big position in Rambus. Now you wish to develop a win-win situation vis-a-via your position. So you short, you short maybe a
1\3 your long position maybe more. Others do the same. Now your in position to make money either way, but the main bet is long. If the stock falls your somewhat covered. But, if it doesn't your short position & that of others moves to cover & that in turn drives up the share price; enough even to absorb the loss on the short position you had to cover. Institutional investment has increased quite a lot & at the same time so has the short now at 6.1M, a full 1\3 of the outstanding shares. Interesting situation isn't it.