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

To: Don Green who wrote (26894)	8/10/1999 9:38:00 PM
From: Jdaasoc	Read Replies (2) \| Respond to of 93625

Don: > RMBS will be good as gold for short term.< Gold is only $257 /oz. NOW! It will be only $257 next year. Same can't be said for RMBS <I agree over the next 3 weeks there will be a point when this will rocket, not sure when but doubt it will be in the next few days> Since majority of people including you are sleeping regarding going long on RMBS, smart people are buying a lot. The move will continue tomorrow and 1/2 of it will be over by Friday. I cannot get into guessing games regarding the new 52 week High for RMBS but I would bet that it will occur by 8/23 <A test of !0,500 must occur on BIG volume before any all clear signals. If that fails 10K will come very quickly long with Rambus in the mid to low 70's IMHO> If was one was following the market today, one would observed that we 1)temporally broke major support level @1277 but quickly rebounded to 1281, 2) we were horribly OVERSOLD @ 1267. 3) there is extreme pressure on the market due to 30Y bond sales that started today and end THUR. All Mr. Greenspan's future actions are already discounted. <BTW I assume you are also in Rambus for the trade, what is your upside objective or where to you place your stops.> I have no objective regarding RMBS stock price because it is hard to be objective about RMBS stock. I have many more potential shares in RMBS to be purchased conditionally on RMBS future stock price via PUT options sold than long shares that I own. I earn 5 figure in premium income per month on these short PUT's and have only received 300 shares via PUTS. I buy long shares when they look cheap and sell the majority of them when they look expensive. 82 is very cheap; 120 looks expensive jd