CaptRocky; RE:" RMBS "
>I trade RMBS calls and stock; your opinion on RMBS or their tech?
please take tea leaves with grain of salt (^_^)
RMBS - Rambus, memory chips - it's a semi, and moves with the SOX.X - Semiconductor Index so, chart that too.
from apparent TOP = 95~100, to apparent BOTTOM = ~38-7/8 magic lines are as follows:
/ 80-5/8 / 72-1/4 / 65-7/16 / 58-5/8 / 50-7/16 /
UpTrend support appears to be around 72-1/2 area, gap @ ~75.
Just broke down from short-term UpTrend begun 05-NOV, and is now pulling back to that original line. RMBS is over-bought and the chart looks like distribution, BWDIK ?
...RMBS going sideways between ~85 and ~100 strike boundaries now. Best risk/reward play I can think of is Long Straddle between 85~90, exit > 95 or < 80.
So, what's your read, CaptRocky ?
-Steve |
