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

To: The Prophet who wrote (43831)	6/9/2000 8:28:00 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 93625

Prophet, when the TA and FA do not jive, believe the TA, my turnips old mantra. The mere fact that in face of this uncertainty and the general market malaise, RMBS is a shining star, tells me that RMBS is going to roar soon. We sure look as if we are going to roar through a major overhead resistance at $247, and already the conquest of $217 and going above it last week was turning the tide. On the reaction we held much higher than I expected (I expected a fast drop to $187 as max pain and keeping the positive trend alive). The only thing that could derail this move is a failure to take out $247 within the next two to four weeks or a failure to hold above $217 (a swing to just under $210 with a close within $3 of $217 will also be "ok", IMHO.) The way I see it, the leaders of the "monster summer rally" forecasted by the turnips are emerging, and RMBS is one of them, and while they will retrace if the NAZ gets down to the 3400 area ( still a "turnips forecast before the end of June), they should hold above their recent breakouts. Zeev