Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 107.76

+1.2%

Nov 7 9:30 AM EST

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To: cellhigh who wrote (38732)	3/22/2000 6:33:00 PM
From: Zeev Hed	Read Replies (2) of 93625

Cell, as posted yesterday, I bought at $273 (far from the low) and sold this morning at $343, far from the high. I agree with you that this rally "could" continue to about $380 (give or take $10), particularly since the NAZ is bent on making a new high soon. Once we get the major earnings report late next month and once more look into another fed hike, I think we may have another swoon down in preparation for a huge summer rally. But, I am not joking at all about RMBS needing to rebuild a base around here. $240 might very well be the low, but if it breaks, who knows. I think that the 50% retrenchment should be sufficient, but unlike others here, I never say "never". Right now, I would not be surprised to see a swoon to just below $300 after we exhaust the current move (maybe at $380). Zeev

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