Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 95.53

+0.7%

12:59 PM EST

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To: Orion who wrote (38801)	3/23/2000 2:45:00 PM
From: Zeev Hed	Read Replies (2) of 93625

Orion, when analysts must dig up justifications for upgrading MU because RMBS production will cause tightness in DRAM, you know they are "blowing from both ends". MU rarely get in first into a new situation, they are quite sensitive to market demand and jump in only after that demand has been assured. Right now (in the last Q) they must have erred a little since their inventories have ballooned. One of the nice things about RMBS, they never have any inventory, nor "doubtful accounts receivable" (G). Right now, however, the stock is not even reaching the top of my target range ($380), I attempted two entries today on the swoons down to $340 and below and exited both in the $345/346 area, because I cannot see a buildup of momentum to extend the range. I think that before we will see $400, we will be forced to see some sub $300, to "test" the lows set this week. Zeev

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