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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (39081)	3/29/2003 8:38:49 AM
From: Logain Ablar	Read Replies (2) \| Respond to of 71406

Harry: RMBS isn't about earnings right now. If they win the court cases then earnings explode if they lose the court cases earnings drop. 1) IFX wins patent court case and RMBS is convicted of Fraud (about 1 and 1/2 yrs ago). 2) FTC files suit agains rmbs (basically due to findings of lower court ruling although this still has to play out with trial date end of April) 3) RMBS basically wins on appeal (Jan 29 of this year) (circut court throws out lower court findings on patent, now in favor of rmbs and this I'm sure will be retired) and fraud is overturned (although this is the one are where there was a dissenting opinion). 4) IFX petitions for the full circut to rehear the appeal. Note these are typically denied BUT who knows. I do know that the circut has denied a rehearing for 3 other cases in last two weeks that were issued around the same time frame (Jan 29) as the RMBS vs. IFX case. My opinion is if the rehearing is denied RMBS breaks $16.5 resistance and heads towards $30 (resistance @ $20 but next major overhead @ $30). If full circut decides to hear the case then RMBS breaks support @ $12.5 and will probably break its breakout support @ $9.75. I have decided to BET RMBS/IFX decision on circut court rehearing (where full panel of 15 judges hear the case) is in the next two weeks and that it will be denied. I don't have the circut court line (dsl is down where i have it) but decisons are posted after 11AM and 4PM on the court web site. Time will tell if I'm wrong or not. If I am wrong I'll take my lumps trying to jump off @ $12 area. A lot of court cases are in holding pattern waiting for this decision. I still expect the memory makers to fight rmbs to the bitter end so rmbs won't be the moon shot (or at least it shouldn't be unless or until and IFX settles and licenses with rmbs) of a couple of years ago.