Big Dipper effect hits Rambus price again

Down, up, down, up... craziness continues

Those magnificent men with their Rambus machine saw their share price soar by over 83 bucks yesterday after an endorsement by investment broker Morgan Stanley. The firm raised its price target for Rambus (ticker: RMBS) to $500 a share, prompting further buying of the shares, which had slumped the previous day by over $50 to close at $266.58. The surge in buying saw the share price rise by $83.80, to close at $350.38. Completely coincidentally, Morgan Stanley, helped Rambus to IPO. ®

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