Alan, regarding your buy order at $65
This is what I don't understand about retail investors. Right now, the 200 DMA on Rambus is $66.75 (changed a little by Friday's action).
So, what you're telling me is that you want to buy the stock once it's broken down? Now, we all saw it break the 200 dma last month, only to be saved by Edelstone once again. If he did not come out, I can almost guarantee you that Rambus would have drifted below the 200 dma for at least a month, possibly going much lower.
So, I ask you? Why would you want to jump in at $65? It would be smarter to see if Rambus has bottomed here first, and then pay up for the stock.
But, then again, nothing makes sense with Rambus.
BTW, it is now above its 13 dma. If the market continues the rally, we should see a test of the 50 dma very, very soon ($80-$82).
Lots of ifs.
Good luck. |
