Rambus (RMBS +23.6%) is rallying today following the bloodbath that occurred yesterday...


Rambus (RMBS +23.6%) is rallying today following the bloodbath that occurred yesterday afternoon, on account of the unfavorable verdict issued for its 7-year antitrust suit against Micron (MU -5.9%) and Hynix. Though JPMorgan downgraded Rambus to Neutral in response, its remarks about the selloff being overdone, and the verdict having no impact on existing licensing deals, could be lifting shares.
Comments (2)
  • Spencer Knight
    , contributor
    Comments (389) | Send Message
     
    It should be at least a week before these two stocks find a stable level investors are comfortable with after yesterday's incredible sell off of RMBS and buy off of MU.
    17 Nov 2011, 04:11 PM Reply Like
  • Doremi
    , contributor
    Comments (11) | Send Message
     
    The extreme drop in the Rambus stock is just one more reason why retail investors shouldn't be in this market. The Hedge Funds and Market Makers once again show how they are so corrupt in bringing a quality stock well below the level of its worth. With no conscience as to causing great harm to the individual investor who put in a stop loss order following this imperfect verdict.
    I once again suggest we stay away from this market and let the MM and Hedge Funds battle it out until only one is left standing.
    ...or until the SEC does its job of POLICING the ills that exist in what is alledged a free market.
    18 Nov 2011, 11:20 AM Reply Like
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