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

To: dougjn who wrote (4783)	6/22/1998 7:18:00 PM
From: Joseph	Respond to of 93625

Looks very good technically. The last minute buying is typical of big players and the smart money. Also, the field is ripe for short covering. Most of this stock's float was locked up in short positions: approx 3 million shares short as of May. Since the dip to the 30s, shorts have been covering, and the selling pressure has abated significantly. The latest bounce will trigger some fast short covering to lock in profits, and the stock can easily cross 50 this week, before new selling pressure begins. Joseph