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


To: dejavu who wrote (61660)11/21/2000 5:55:20 PM
From: Don Green  Read Replies (1) | Respond to of 93625
 
dejavu> Anybody else concerned about the steep drop today? RMBS down 9 %

With Rambus it's all about VOLUME

Today's volume 2,281,500
Average daily volume 3,223,000

Cash flow today -$12m est.

Don



To: dejavu who wrote (61660)11/22/2000 2:12:01 PM
From: Estephen  Read Replies (1) | Respond to of 93625
 
"Anybody else concerned about the steep drop today? RMBS down 9 %, NASDAQ down only 0.15 %. "

No I'm not concerned. Actually rambus is holding up good and tracking the nasdaq nicely. The Nasdaq is now at 2800 which is where it should be considering reaction to slow growth, oil prices and the election. It actually could be over sold by 250 points (nas 3050) if your of the school that we are in a soft landing w/ slowing growth not REAl slow growth or negative growth. 2500 hundred is the bottom on the nasdaq and a good tax hike, rate hike or oil spike could do it. Or signs of greater economic slowing. If the current growth holds and the fed cooperates, I see a good rally to maybe 4000 in jan/feb. If the momentum in rambus fundamentals continues, we'll get 165/200 then.