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

To: D.J.Smyth who wrote (2517)	11/27/1997 9:52:00 PM
From: LoLoLoLita	Read Replies (1) \| Respond to of 93625

I'm a TA novice, but it looked to me that last Friday's peak was a "island reversal." And the next three days confirmed the top because each close was lower than the preceding close. Any comments? I'm short @59, without a stop, and hoping to short more (doubling position) if it goes up again. Note: My short sale was based all on the fundamentals-- 1. absurd PE of 700, 2. good possibility of a competing and free open standard making Rambus RDRAM obsolete, 3. idiotic drivel from H&Q about 4-year forward earnings. Let's see what I can do. Assume like H&Q that they can double their earnings next year to about 20 cents. A PE of 40 then would give this baby a price of 8 dollars. Regards, David