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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 94.82+2.7%Nov 26 3:59 PM EST

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To: MulhollandDrive who wrote (7353)9/22/1998 6:03:00 PM
From: MileHigh  Read Replies (1) of 93625
 
bp,

I am baffled! Not that I have all the answers anyway, BUT a few thoughts:

1-I talked about a double top that formed around $67 or so the last few months, we did not breakthrough that. This actually looks like a triple top when going back 52 weeks..I believe we could get close to another test soon...If we get close we could see some short covering, as we might already be seeing it at these levels...

2-If the market is discounting significant news and we do not get any, I see 8-10 taken off quickly.

3-Could have the Intel Developers Forum news been positive enough in a "subtle way" to constitute this type of news? I do not think so, BWDIK.

$- Sooo my answer is, I could see a gap up in the AM coupled with a nice move in the NAZ and then one might want to take some off the table if no news.

Don is probably right, barring news to explain the pop one might want to take your profits before they are gone...After all, maybe RMBS is just acting schizophrenic again <ggg>.

MileHigh

PS- Maybe I should sell my calls now instead of last week <g>
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