Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 96.40

+5.4%

Dec 19 9:30 AM EST

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To: MileHigh who wrote (8726)	10/16/1998 10:17:00 PM
From: Gary Wisdom	Read Replies (1) of 93625

Milehigh, we did not keep "butting up" at $66-67 The stock was there only in the first 15 minutes. Check out the volume/price chart I posted earlier. The important number IMO is the 13 and 50 day moving averages. Neither has been violated. It has been stated a million times on this thread, and we all know it to be true: without volume, Rambus is dead. We had tremendous volume at the open, then we had decent volume a few times in buying spikes, and the rest of the day we had absolutely no volume. Monday, and after, it depends if we get institutional buyers or not. If not, you are probably right and the stock will drift lower. I see an ascending triangle forming, so I would venture that $50 might be the base this time. Unfortunately, I don't see us getting as great news as we got today for a while. If we can't move up a penny on news like this, you are probably right. We'll see.

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