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


To: REH who wrote (3288)3/16/1998 7:40:00 PM
From: Thomas P. Friend  Read Replies (2) | Respond to of 93625
 
I'm not seeing any new news here. The Smart Modular relationship was announced a while ago. And as for the First Call strong buy, I notice in the long text that no one has revised estimates in a while. That means nothing is new there, either.

I'm long the stock, too, but let's not get false hopes of an impending run-up based on old news.

One thing I did notice is a contraction in volume in the last few days with the stock holding near it's lows. Could be the selling is drying up. But it's hard to view the stock's recent action as positive in light of the market's recent move.

Tom



To: REH who wrote (3288)3/16/1998 7:44:00 PM
From: Bee-Darn Pang  Respond to of 93625
 
This is old news, Mar. 2 on air from AOL.



To: REH who wrote (3288)3/17/1998 3:42:00 PM
From: Andie Wei-Ku Lin  Read Replies (2) | Respond to of 93625
 
It is all and well to pay attention to news and even analyst ratings. However, the bottom line in making money with a stock is the stock's performance, period. Rambus is down sharply today on very high volume, and having set a new daily low, it is likely to test 40. A close below 40 by a considerable degree will lead the stock lower, based on technical selling alone...and this is aside and in the face of any fundamental analysis which may be brought forth on this thread. I am long Rambus...and expect a move back up to the 45 are if support at 40 holds.

It is acceptable today to "blame" the sharp drop in Rambus on MU's poor earnings. However, note that MU has recovered from it's lows on an intraday basis, while during the same intraday period, Rambus has continued to fall rapidly.

Let us watch how the stock responds to support at 40 over the coming sessions.