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

To: jetcityrandy who wrote (36198)	1/11/2000 9:15:00 PM
From: Zeev Hed	Respond to of 93625

Randy, a lot of things did happen in the 10 days or so I was out. $76 was taken out and a breakout did occur, it had enough momentum to get above another critical point ($88), but personally, I had a a GTC just under that point (and am out for now), not having much faith that it would go through (once more, left some good stuff on the table). In principle we should hold above that same $76 level (and thus buying back in the current range might be a good strategy, but keep your stop losses close, since a breach of $76 will, IMHO lead to another test of the mid $60 ($65.5 to $67). It seems that the market once more is two weeks ahead of the turnips, I had a short term top by mid January and some tech weakness into Feb, we got this earlier. Personally, I am probably going to watch how the $76 level hold before I reenter into RMBS. Zeev