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


To: JD_Canuck who wrote (81611)3/15/2002 8:02:19 AM
From: Dan3  Read Replies (1) | Respond to of 93625
 
Re: Has anyone come up with the reasons behind the recent price strength yet?

Low volume random walk?

Rambus used to do around $1 Billion in dollar volume on an average day, recently it's trading volume has been around $10 million per day.

At this point, when Aunt Betty's psychic tells her the stars portend a lucky day, and she calls her broker, there's a significant move in the stock.



To: JD_Canuck who wrote (81611)3/17/2002 9:15:10 AM
From: SBHX  Respond to of 93625
 
Noticed that when all you hear are bearish opinions, that is a buy indicator --- perhaps it signals that everyone knows all the bad news and can't think of any more bad news in the horizon. Perhaps an indication of a near-term bottom.

Also noticed that when the bullish opinions dominate (yahoo) some of the extreme opinions indicated that not every new buyer really understands this stock, and that creates a lot of weak hands. Also a possible indicator of a near-term top.

What was interesting here is that friday mar8th was clearly a bullish indicator --- strong closing at day high, but mar11th was a significant reversal. Lost a few pennies in the morning of mar11 when I got in too early and had to get out.

Right now, it is indecisive, so I'm watching.

This is not a B&H stock, (but what is these days?).

SbH