Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 (20947)	5/27/1999 10:44:00 AM
From: jmanvegas	Respond to of 93625

In case anyone has not noticed, the drop from $89 to yesterday's low was almost a 50% retracement of the move up from the low 50's. A Fibonacci 62.8% retracement would take us back to about $65-$66 area which is the breakout point of that large up spike day. In one of my previous messages, I stated that the breakout point should be major support. However, RMBS bouncing off its 50% retracement today may be all there is on the downside folks. Time will tell. Good luck all longs. jmanvegas

To: unclewest who wrote (20947)	5/27/1999 11:38:00 AM
From: wsp	Read Replies (1) \| Respond to of 93625

I am new to the board, but have been following for months. First let me say I am long Rambus and I am looking forward to the next 4-5 year run up in stock price due to the astounding earnings around the corner. The short interest has puzzled me somewhat. I do believe for the most part experienced market players short. In trying to understand this short position I've decided to look at it as Large mutual fund investors and institutional investors hedging their long positions for the sake of "other peoples money". They also believe in your long term view of $500/share. They, like other investors see the beginnings of a giant and are going to accumulate by averaging up. To me this is why there was no rush to cover at mid 80's last week. There going to be accumulating anyway as shares rise. I myself plan to average up. I'm just a small investor. I do believe that anyone doing this is showing lack of confidence. But what other reasons are their for big money to be short when all the doubts are gone ? perhaps someone with more knowledge could explain why so much money is short a stock that seems to be on the path to success !