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


To: sylvester80 who wrote (57500)10/12/2000 3:57:11 PM
From: rakitup  Read Replies (1) | Respond to of 93625
 
I don't know much about the technical aspects of RMBS technology. However, it is apparent from the two year chart
a bottom may be in, and makes it worth watching. The retracement is over 60% from the high,and where it is closing today is still a higher low on the two year. I'd say it is poised for a nice rebound here, and after the election may be strong through December.

Folks are going to be surprised at the market's weakness this coming January and February (worse than Jan), but we can expect a strong November and a stronger December. Wait for the breakout from the double bottom to get into RMBS if not already in it. And be prepared to take profits in January.

Rak up a winner