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


To: Mohamed Saba who wrote (34931)11/20/1999 5:06:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 93625
 
Mohamed, I am not sure if there was a major effort to bring RMBS to $80, it looked at the beginning of the day as if the target was $85 and it fell of its own weight later. If there was such an effort, it should have bounced back after hours, it did not. I think that the break of $88 a week ago and the inability to close above $84 this week will put a damper on RMBS for a little while, particularly in view of the fact that Comdex is over, and this Christmas season is a definite goner for RMBS. I would not be surprised to see the low $70, even high $60 before a new march up resumes. Thus, my being out for the time being.

Zeev