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


To: Barry Grossman who wrote (43667)6/7/2000 7:41:00 PM
From: jim kelley  Respond to of 93625
 
The key to how RMBS reacts lays in the market testing process that is underway now. Today, the COMP declined and and tested the 50 day moving average then staged a comeback starting at 10:10 AM. RMBS responded and left the low of 195 to end the day at 213.

The COMP may breech 3900 sometime in the next few days.
If it does RMBS will shoot even higher.
RMBS may also decouple from the COMP and run on its own power but it very helpful to have the trend as your friend. The fundamentals are in place for the run.

JMO