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


To: Matrix_Man who wrote (31253)9/30/1999 3:05:00 PM
From: Zeev Hed  Read Replies (4) | Respond to of 93625
 
Matrix, I think we have gone through the first relief rally (see: techstocks.com and are now going to establish if $59.5 is indeed a solid support. I believe that it is not going to hold and am still waiting for the second shoe to drop, bringing us to the low $50' (like $51 or so?) before RMBDS can once more move forward. I have still a sizeable probability of decline to the mid $20' if the news becomes really bad (delays after delays?), and of course, if the $51 area does not hold.

Zeev