Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 95.57

+0.7%

Nov 28 9:30 AM EST

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To: Dave B who wrote (28487)	9/2/1999 10:16:00 AM
From: JH	Read Replies (2) of 93625

The price action looks pretty favorable for RMBS - a solid white candlestick on very high volume. My guess is that brokerages who cover RMBS are at this moment buying the stock. Tomorrow, or later today, they will reiterate their buy rating on the stock, and make a nice profit on their investment... I am looking to accumulate on dips below $85 (by shorting puts) and selling small portions from my inventory at the 50% retracement of (the $11.5 drop from $95 down to $83.50) $89.25 for a trading opportunity.

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