Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 92.72

+5.2%

3:59 PM EST

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To: JH who wrote (24904)	7/16/1999 10:15:00 AM
From: JH	Read Replies (2) of 93625

My own guess is that if during the course of the day, if RMBS fails to trade above $117-1/2 and hold its gains, then that could become a short term top. Just speaking from the standpoint of someone who has a large core position and is itching to take some more profits. I think a lot is riding on MSFT, which has successfully broken out from its old highs today. If MSFT (and IBM) reports blowout earnings next week, it will turn on the green light for funds to reload their portfolio with large cap growth stocks, propelling the NDX even higher.

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