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Technology Stocks : RAMBUS (Nasdaq: RMBS) - THE EAGLE
RMBS 95.53+0.7%Nov 28 12:59 PM EST

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To: Alan Hume who wrote (344)12/11/1999 6:52:00 PM
From: Zeev Hed  Read Replies (2) of 2039
 
Alam, I think this is a rationale approach. However, since we have successfully tested $66 three times last week, there is a pretty good chance that that level is now a very strong support. Thus buying here around $70 (and I think that next week we have probably another swoon into the $67/68 area) and using a SL at under $66, provides a pretty good risk reward ratio.

Personally, I think that we are going to finish the year just an iota above $90 (a gutsy call...?), and get ready for strong January performance (if INTC does not screw up again?).

Zeev
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