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


To: Dutch who wrote (23585)6/25/1999 10:04:00 AM
From: KM  Respond to of 93625
 
Bought half of mine back. 91.5 Thanks to whoever ran that little number.



To: Dutch who wrote (23585)6/25/1999 10:04:00 AM
From: Ian Anderson  Read Replies (1) | Respond to of 93625
 
Is this a buying opportunity, or just trouble?



To: Dutch who wrote (23585)6/25/1999 10:04:00 AM
From: James Fulop  Respond to of 93625
 
Is this the "Vinick effect" or just a normal downdraft? (eom)



To: Dutch who wrote (23585)6/25/1999 10:15:00 AM
From: JH  Read Replies (1) | Respond to of 93625
 
Thread: don't be surprised to see RMBS trade down (for whatever reason) to fill the gap down at $73-7/8. That support, which coincides with a 38.2% retracement, should be strong support. I've sold 7000 out of my 8000 shares at an average px of $98.34 during the past few days.

My remaining 1000 shares are for sale at $95. Who wants them ?

Don't ask my why the stock is down today - RMBS is a volatile animal (annualized 100 day volatility of 84.4%) and it's just "doin' its thing".

IMO, the best way to profit from RMBS is to pay close attention to what TA is saying. Today's solid black candle negates the recent solid white candle formed on 6/21 with a one-day rally from 91-3/4 to 102.

Possible target: 50% retracement at $80-3/4.