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

To: Jeff Jordan who wrote (2796)	1/17/1998 8:44:00 PM
From: fred woodall	Read Replies (1) \| Respond to of 93625

Jeff, Great link for charts however the selected indicators can be deceiving especially on such a volatile stock as RMBS. Paper trade several stocks over 2 weeks will certainly confirm this. The one line moving average is inaccurate if your perdiction is true & the stochastic is worthless in this time interval. I've seen the downward lines actully draw upward in less than a 24 hour period. Print out the chart & compare it to next Friday's graph. Chances are my point will be crystal clear. Bollinger Bands shows the price moving out of the scale over 15 times during the monthly intervals. This is highly unusual but so is the movement of the stock. This indicator is useless. How about: NASDAQ moving upward for a 4th trading day in a row which will be only the 2nd time since Sept. Likelihood of a correction favorable by some 240% on Tue. Tech. Earnings calendar for next week & the Int. trade report. Analyst influence & concerns over MU last 2 run-ups over 30. A negitive stigma possibly attaching itself to the sector. Possibility of a deteriorating overseas market potential esculating RMBS P/E Ratio