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


To: DaveMG who wrote (6004)7/31/1998 6:22:00 PM
From: Don Green  Read Replies (2) | Respond to of 93625
 
Dave

Rambus is a stock with great potential, but also one that moves in strange and manipulated ways. Today RMBS has a spread as wide as 3/4 of a point, which should be illegal. Most stocks generally trade with a spread of 1/16 to 1/8. It was obvious after the first 1 hour that most of the trading was SOES traders brought back by the big move yesterday. Once they leave, which will most likely be in a few days volume will again dry up and Rambus will again drop. This stock needs news and volume to keep it rising. It has no momentum of it's own. That is the real danger of HOLDING Rambus. Yes Rambus could be $75-$100 by year end..with the right market, but it could also be $30-40 in the wrong market. Since I worry about the market's outlook between now and year-end, I TRADE not scalp, stocks rather then hold them. Forget the tax issue, I prefer REAL profits over potential profits.

regards
Don