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


To: Jdaasoc who wrote (35742)12/9/1999 8:33:00 PM
From: Don Green  Read Replies (2) | Respond to of 93625
 
> Institutions added over 2 M shares from 6/30/99 to 9/30/99

BUT!, as with Short Interest data it is so time late, that really has little value, but interesting to look at.

As for Rambus, I think it is oversold here, nothing SO negative to justify the sell off in the last few weeks. I would say 80-90 is maybe a proper price given it's long-term potential.

But the danger now is we are already down to the mid 60's with the overall market near it's all time highs. When the market sentiment begins to slip, it could get real ugly.

I still think $46-50 is almost unbreakable.. But anything above that is game only for traders with the Nintendo (Carl) trigger finger.



regards

Don