Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 88.13

+1.1%

3:59 PM EST

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To: Alan Hume who wrote (13712)	1/16/1999 11:20:00 AM
From: Zeev Hed	Read Replies (1) of 93625

It seems that I forgot to take out my GTC at 87, and I notice now that I am back in RMBS. I am not as sanguine as you are for the short term (long term I may argue with the $400, but I still have a target of $200). Yet, the break of $85 concerns me. Well, technically since we managed to close above $85, we may still be in an uptrend, my concern however, is with the general market, and I have nothing in my "turnips" patch that say a sizeable swoon down can be avoided. My short term strategy will be to bail out on some exuberance in the next week or two (which could get us to the high 90', and then sit back and watch for the denouement of events in the semis in general. I think I will be able to get back in somewhere under $70. Zeev

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