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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 95.57+0.7%Nov 28 9:30 AM EST

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To: MulhollandDrive who wrote (8846)10/21/1998 6:40:00 PM
From: jopawa  Read Replies (2) of 93625
 
bp,

I'm not worried about it. It really looks like RMBS will simply trade with the NAZ in general, and the semi's in particular. The days of news driving RMBS ended last week when it didn't hold the morning gains on the INTC/MU news. That was as good a news as you could have imagined and it ended the day neg. What do you think, trading range of 55 - 70 until 1st Q next year? That would be my guess. Mile has stated several times, and I tend to agree, earnings will be the next driver of RMBS, and this time next year the momentum will be pretty obvious to all.

John
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