Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 95.16

+0.4%

9:39 AM EST

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To: jopawa who wrote (14235)	1/26/1999 4:35:00 PM
From: jmanvegas	Read Replies (1) of 93625

I believe from a technical point of view that RMBS is oversold at these levels. I am not suggesting that it can't go lower, even may fill the gap at 74-75, but all indicators are saying oversold. Just look at the charts. Historically, RMBS, when under its 50 DMA, has been a buying opportunity. If there is something now wrong with the fundamentals which are about 1 year away from really proving the RMBS story, then I believe that RMBS should be looked at as an accumulation stock play at these and/or lower levels if the 70's are seen. But I believe that Intel is going to dictate its will upon the marketplace and RMBS will happen and 75-85 prices will be a thing of the past. The same day Edelstone downgraded RMBS he also downgraded BRCM which dropped from a $190+ high down to $115 yesterday. BRCM up very strongly today. The BRCM chart looks very similar to the RMBS chart, except BRCM took a bigger hit and didn't drop below its 50 DMA, just touched it. I don't believe the breaching of the 50 DMA in RMBS is a major deal right now, and the fact that the MACD indicator turned negative, the stochastics are saying accumulate. If RMBS gets to the 70's, it will just be for a brief stay. MS, etc. would snap those shares right up. jmanvegas just my .02c

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