Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ekid who wrote (39926)	4/14/2000 8:24:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 93625

ekid, there is always a possibility that $117 will not hold, if it does not then, unfortunately, we are entering a bear market a good six months ahead of my turnip's schedule, and the downside target could be the $60 to $66 area. I still have ny GTC at $122 and am not planning to change it (at least not now), but if (or should I say when) I get it, I will have a protective stop loss about 10% below, just under $110. My reasoning for choosing the $117 was made before on this thread, this was the breakout point for the last rally, and a lot of pwople that missed it, may decide that is "their last chance". Of course, if this level is breached, the same people will kneel before their preferred icon and pray, "Oh please, just "make me even" " and sell just under the price on rallies (that is how those support and resistance levels are created, IMTO). Yes, I can see a scenario where RMBS finds itself back above $400, but first we'll have to "reconquer" a number of resistance areas, like $180, $230, $280 and a very strong resistance at $330, that is a lot of "conquering" to do. (G). Give me a 10 MM shares day with a strong momentum up and I'll be an unabashed bull again, in the meanwhile, I am still hibernating in the "bears den". Zeev