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


To: Don Green who wrote (72333)5/9/2001 1:52:22 PM
From: Fiscally Conservative  Read Replies (1) | Respond to of 93625
 
Don:

you wrote:"8.87 (pre-split $35.48) last seen in Jun 98 is the last support level for Rambus.
Anyone want to place a bet it can hold that level?"

Interesting to note,although the chart indicates this to be last level of support,I am inclined to think this is not the support anymore. Support? You looking at it. Where she now trades. Any downside movement should be create enough interest to move the stock north. The vast majority of shareholders who bought back in Jun 98 are long gone by now. To think otherwise is foolish.
Although I can agree with many there is now downside probability,those that believe we will see prices below 10 are "wishful thinkers at best"; technically speaking,of course.