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


To: Zeev Hed who wrote (38316)3/17/2000 6:54:00 PM
From: McNabb Brothers  Read Replies (1) | Respond to of 93625
 
Zeev,

>Today's Gravestone Doji might be a harbinger of things to come.<

Agree with you 100% on the above statement, but I believe we will see $280 to $320 which I will cover my naked calls and wait for another bounce to sell again! Two years is a very very long time for RMBS to prove itself with earnings and there will be many times to go long and short this stock, but unlike you I will be playing it from the short side. Stay in touch and we may be able to help one another here. When you are out I will be in and when I'm out you will be in! Happy trading! Did you see the premium I picked up on the April $500 strike?

Hank



To: Zeev Hed who wrote (38316)3/17/2000 8:44:00 PM
From: CoffeePot  Read Replies (2) | Respond to of 93625
 
I dont think RDRAM technology is fundamentally flawed, there is a market for it.....just not that big at the moment. Rambus is currently being valued assuming almost perfect execution of its business model....which given the numerous uncertainties might not materialize.

btw...if you really think your TA is telling you something why not place a bet short? Though I'm not completely convinced the upward trend has been broken I'd say at the moment RMBS has about a 60% chance of trading lower next week. The next 1-2 days will tell the story. IMHO