Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 94.26

-11.1%

3:59 PM EST

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To: KM who wrote (22944)	6/18/1999 5:00:00 PM
From: Zeev Hed	Read Replies (2) of 93625

Truff, sorry I was wrong again, when I jumped in yesterday, I suggested that the $88.5 might still be available in the next few days, well, so far I missed by 7/8. But seriously, chasing this stock can be dangerous. If you think the FUD is over, you are wrong, IMHO. I have a sense that there is a "political" battle brewing and some minor technical problems INTC is having transitioning to the .18 micron technology will be exploited by the FUD. In any event, the technical strength of the stock is terrific right now, and IMHO will remain strong unless about $82.5 or so is breached. I doubt we will get that low. The most likely scenario is a week or two of "digestion" here with about $89 as the bottom, and here and the penetrations of the top range just to under $100. Then we will have to contend with MU's earning report, it might have an effect on the whole SOX (I hope positive). Zeev

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