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Technology Stocks : RAMBUS (Nasdaq: RMBS) - THE EAGLE
RMBS 108.00+4.8%Jan 16 3:59 PM EST

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To: Don Green who wrote (121)12/3/1999 10:43:00 PM
From: john dodson  Read Replies (1) of 2039
 
Don,

Re: Wait to buy RMBS.

A few followup points:

1. RMBS has had a history of going up when the Nasdaq drops. So, maybe when the Nas correction comes, RMBS will go up?

2. RMBS seems to have real strong support at $60 or so. So, downside seems pretty limited (~ $10), while the upside is about twice that (back up to $90 is nearly $20).

3. Market momentum, record highs, year end, and so on do concern me also.

I still think RMBS is worth nibbling on at $70. Much lower, and it will be worth backing up the truck.

-John
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