Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 95.45

+1.3%

3:59 PM EST

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To: Bilow who wrote (57241)	10/10/2000 8:26:37 AM
From: sylvester80	of 93625

Bilow, I see you are spreading FUD and BS again. The drop had nothing to do with any of your BS. If it did, Infineon would not have hit a new all time low yesterday and neither the semis would have hit a 9 month low. TI (TXN) hit a new 11 month low. ADI which was strong like Rambus before yesterday also broke. PMCS the same. dailynews.yahoo.com Yesterday was juts a bad day for the semis. All the semis have had their clock cleaned (down 50+%). The few strong ones (ADI, RMBS, PMCS etc..) all gave in yesterday which in my view is an indication of the bottom. IMO, yesterdays move was purely technical in nature. It happened exactly at the time when the NAZ was in a panic selling. Everything sold off. Once the stock broke $75, the stop loss orders kicked in. The $75 resistance was tested at 10:45am when the NAZ Index (^NDX) was at 3235 and dropping. Right before that it had tested 3250 after having dropped to 3219 at 10:18am. So the whole market was coming down, people panicking on all stocks (and especially semis - look at the story above), knowing full well that we were heading down to test NDX 3200 and probably a lot lower. So at 10:45am was when the sell off for the market picked up steam and headed to 3185 by 11:20am. The semis moved down in unison at the same time. With the $75 resistance broken, the stop loss orders kicked in. Hell, yesterday also Infineon hit a new all time low. Must have been all the good infineon news I guess LMAO. That does not look like a winning stock to anyone. Take a look at it's chart. finance.yahoo.com

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