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: Ian Anderson who wrote (32585)	10/23/1999 12:22:00 PM
From: Zeev Hed	Read Replies (2) of 93625

Ian it still double from a low of $61 to $122. I had an argument few weeks back with Don, on how that time table can be achieved, and since then had to add few "buts and ifs". Right now it seems that we held the critical $59 to $61 area and by breaking through about $72 (where I just got on board again yesterday, but did not get a better price than $73, unfortunately) we have turned from bearish to neutral. We have to close above $88, IMHO to turn bullish again and have a chance at that $122 before the end of the year, IMHO. There is still a low probability that if we break through the $59 area the mid 20's may appear. I think that that risk has greatly diminished with yesterday's action. Zeev

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