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: MileHigh who wrote (16020)	2/19/1999 7:54:00 PM
From: Zeev Hed	Read Replies (2) of 93625

Mile, I do not think this is the "ultimate" bottom. I know I have been proposing year end price of "122 as a double from an interim low of $61", but as I have said, I reserve the right to be wrong and change my mind quite often. Now might be the time (keeper of the year end prices, maybe you should remind us our "sins" about now) to change my mind. My year end however is still at $122. The long term story is still intact, IMHO, but between here and there we have some immediate "speed bumps" to get over. Delay on INTC 820 is not the only problem looming, IMHO, I think that the whole sox has run far too far for where we are in the semi cycle. As a result we have a good chance of entering a "consolidation phase" (another name for a mini massacre of the techs) within the next 4 to six weeks. In the interim, there is a pretty good chance that RMBS will challenge what I consider major resistance around $82, it might not even get above the mild resistance in the $75 area, but after that, I think we should be braced for additional consolidation to the $48 to $54 area. Zeev

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