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

To: Boplicity who wrote (5046)6/24/1998 8:00:00 PM
From: Gary Wisdom  Read Replies (3) | Respond to of 93625
 
Re: <<Closed below the open that is a reversal. >>

Gee. I'm glad you pointed that out.

On June 18, Amazon closed below the open, after rising from $72 to $82 1/2.

Four trading days later, it's up $26 from there.

Guess I should sell everything now, huh?



To: Boplicity who wrote (5046)6/24/1998 10:05:00 PM
From: DaveMG  Read Replies (2) | Respond to of 93625
 
Closed below the open but above the previous close. What's that?

Looks like a "hanging man" I believe, which is not supposed to be as fatal as a reversal.
That RMBS is "losing momentum " has got to be irrelevent. 20-25% per day is hardly sustainable..

Dave


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