Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 92.35

-0.4%

Nov 25 3:59 PM EST

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To: REH who wrote (3288)	3/17/1998 3:42:00 PM
From: Andie Wei-Ku Lin	Read Replies (2) of 93625

It is all and well to pay attention to news and even analyst ratings. However, the bottom line in making money with a stock is the stock's performance, period. Rambus is down sharply today on very high volume, and having set a new daily low, it is likely to test 40. A close below 40 by a considerable degree will lead the stock lower, based on technical selling alone...and this is aside and in the face of any fundamental analysis which may be brought forth on this thread. I am long Rambus...and expect a move back up to the 45 are if support at 40 holds. It is acceptable today to "blame" the sharp drop in Rambus on MU's poor earnings. However, note that MU has recovered from it's lows on an intraday basis, while during the same intraday period, Rambus has continued to fall rapidly. Let us watch how the stock responds to support at 40 over the coming sessions.

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