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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 107.05+9.0%Feb 6 3:59 PM EST
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To: MileHigh who wrote (12655)1/8/1999 6:02:00 PM
From: Al Serrao  Read Replies (1) of 93625
 
MileHigh, others will give you a different opinion but as you know, I am a bull on RMBS. Because RMBS has such a high beta and had such a strong move, it could fall 25-30% in any market pullback and still be in an uptrend. I fully expect it to form another base at some point and trade within a 25-30% range. Just as it did when it moved between 50 and 70 for months. To fall below that range or base would be a sell. Remember fundamentals are more important than charting and if they change all bets are off. Thats'why this site and everyones' imput is so important. Even the bears. In fact we could use some real bears around here. We're all a little too giddy including me. JMO and best regards.
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