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

To: Tenchusatsu who wrote (30325)	9/23/1999 9:31:00 PM
From: Zeev Hed	Respond to of 93625

The reasoning is mostly technical, both the market and RMBS, the fundamental could be some initial dominance at the low end of the 133, which will be used by the FUD to imply that RMBS is "Passe", but I think it is going to be a wrong conclusion. It all hinges, IMHO, on the nature of the bounce in the market from here. We got a DOW theory sell signal today, quite ominous when the market in general is quite overvalued by historical standards, couple this with "expectations" of slower than expected PC shipments in Q4 due to Taiwan's quake, and some residual Y2K fear, and we have the elements in place for a major bleeding after the next bounce, IMHO. The silver lining is that the NYSE tick hit an extreme today of -1497, indicating a short term relief rally in the cards. Zeev