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

To: Glenda King who wrote (29770)	9/17/1999 11:47:00 AM
From: JH	Read Replies (1) \| Respond to of 93625

Thread: with endorsements from MSDW's Edelstone, RMBS is finding very good support above $90. It may be just a matter of time for $95 (resistance since Sept 3rd) to be tested and broken. Short covering will proceed in earnest and we ought to test $100, which will be a much tougher resistance to crack. A good risk/reward trade would be to short the October 85 puts (currently at $4). Being assigned RMBS at an effective price of $81 should not be too painful - 200 DMA currently lies at $83.