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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?


To: jmanvegas who wrote (23304)6/22/1999 12:39:00 PM
From: jmanvegas  Respond to of 93625
 
9:30 PST - Thoughts

INTC earnings downgraded again today be 2 brokers - RMBS down in the morning on light volume and normal profit taking. Naz down - RMBS now slightly green - where's the selling? If it doesn't come today or tomorrow where RMBS is hammered back down to the low 90's or high 80's - this puppy is going to test its highs quickly - where we go from there is anybody's guess. If RMBS significantly breaks through its highs on this move - its sayonara for the stock price - the bidding war will just intensify. Look for corrections of a breakout high back to the breakout point, that is, support will then be the old highs. JMHO. Good luck all.

jmanvegas