Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 94.51

+4.8%

9:30 AM EST

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To: MulhollandDrive who wrote (13674)	1/15/1999 4:50:00 PM
From: DownSouth	Read Replies (2) of 93625

I feel like we dodged a bullet right now I had rather believe that the market is thinking more like we are. Nothing has changed, there just weren't any pleasant surprises in the earnings announcement. Just like some of us were over optimistic and bid the price up to $110, others panicked last night and bid the price down to the 70s. There was not bullet, just like there were no earning surprises. It was also encouraging to see a 5M sh volume. That builds some great support. We will probably see erosion in the short/medium term (through 5 months or less). We could also see some speculative players put us on a momentum ride. I really hope not. Then we will sit on the edge of our seats and see whether this bus has wheels. That will be the really critical test--Q4.

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