Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 88.13

+1.0%

Nov 21 9:30 AM EST

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To: unclewest who wrote (23782)	6/28/1999 10:05:00 AM
From: JH	Read Replies (2) of 93625

Thread: sold my long positions this morning - 1k @90-1/2, the other 1k at @88. Acquired them on Fri. at an average px of $88-3/8. We've clearly broken the 50% channel within the primary uptrend from late-April. I don't know exactly why the stock is falling, and I feel that it's best to stay defensive until stronger support materializes. We've bounced off from Friday's intraday low of $86, but buying interest still seems meagre. Next support is at $80-3/4, and below that, the breakout gap at $74 should be strong support.

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