looks like somebody ran the stops on rmbs and picked up some cheap share on a false court rumor. -15 points in a heartbeat.
Rambus-RMBS appears drop is a False Alarm, no verdict yet in Hynix case-Rumor Shares dropped dramatically from $44.50 to as low as $29.70 and have since recovered to $40.00 on unconfirmed chatter of negative ruling in the Hynix patent litigation case. The Jury has been in deliberations and there are expectations that a verdict could occur this week. :theflyonthewall.com 14:52 EDT RMBS theflyonthewall.com: Rambus-RMBS April option prices exploding and collapsing as Stock sells off RMBS down 8.73 to $38.11. RMBS and Hynix trial concluded last week, the jury is expected to reach an outcome soon. RMBS May option implied volatility of 121 is above its 26-week average of 79. RMBS April at the money straddle is priced at $6.90 cents, above its theoretical value of $2.08. Aggressive price action in RMBS options indicates high risk. :theflyonthewall
1) this was not a capitulation 2) I love you guys that post charts after the fact. Let's see ALL THE CHARTS with that pattern. Cherry picking is nice for schoolgirls on summer vacation.
i was so tempted to short on this day and so glad i did not the next day you just gotta stay out of something that is too sexy imo