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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 87.20-3.3%Nov 20 3:59 PM EST
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To: Dave B who wrote (19035)4/22/1999 4:27:00 PM
From: MulhollandDrive  Read Replies (1) of 93625
 
dave,

I don't know about "automatic" selling, but the 60 support level has been well documented and established. For technical traders once a stock breaks the support, it's a major sell signal. It's like you say, the volume ticked up after it hit 60, along with the bit of FUD that co-incided with the broken support, we may have seen (let us hope) the "capitualation" selling that the next wave of traders/investors were looking for before taking a position. Guess we'll know tomorrow.

bp
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