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


To: MileHigh who wrote (3510)4/2/1998 6:04:00 PM
From: sam  Respond to of 93625
 
IMHO, the pullback today was just some profit taking -- nothing more. Remember, RMBS has moved almost 20% this week alone. Granted, 20% is nothing compared to some of the moves were seeing in internet stocks (like LCOS), but it is a significant move. Could be some more profit taking tomorrow. Or, if the stock holds support, the next wave of buyers will push it quickly (and I mean quickly) to 50. This runnup is much more orderly than the H and Q report runnup. And probably more healthy for the stock.