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


To: Ian Anderson who wrote (37040)2/14/2000 11:14:00 AM
From: Matrix_Man  Respond to of 93625
 
I would say we have soundly broken out of an eight month triangle - to the upside. I am looking for much higher prices and hopefully a nice sustained bull run this year. (Yeah, right. This is RMBS after all.)



To: Ian Anderson who wrote (37040)2/14/2000 11:15:00 AM
From: Zeev Hed  Read Replies (2) | Respond to of 93625
 
Ian, My turnips say that we are setting new recovery highs, and we should be able to take out the $97 to $103 or so supply. We may finally get my old crescendo. In general, I do not see more than another 400 points risk on the DOW, and the fact that RMBS is acting so nicely during a general market malaise indicates to me that it has a pretty good chance of making new highs once this general market correction is over (if it is not over yet). I agree with you that a retrenchment back to the low $90 maybe even just a spike to $88 is possible, and I have an order in for additional stuff at $90.5 if such an eventuality presents itself.

Zeev

Note added in edit, I see we have just printed $99.5, maybe the bus is finally leaving the station?