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


To: Jdaasoc who wrote (26051)7/30/1999 5:10:00 PM
From: MileHigh  Read Replies (1) | Respond to of 93625
 
jd,

Just an opinion from someone who has watched and traded RMBS MUCHO A LOT, when RMBS breaks down technically it usually just drifts lower until a catalyst comes to town to change the direction, i.e., Uncle "Upgrade" Eddy, INTC news, etc....

Once the catalyst arrives, it changes the channel direction. I guess what I am saying is that if you want to average in while it falls for a LT hold, great. If you want a ST trade, wait for the catalyst or else you will just be trying to catch a falling knife....

Good Luck!

MileHigh