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

To: Boplicity who wrote (7600)9/29/1998 10:28:00 PM
From: Gary Wisdom  Read Replies (2) | Respond to of 93625
 
Rambus and candlesticks

FWIW, Rambus is a stock that is followed by many traders, as you know. It seems to hold true to candlestick analysis to a pretty good degree.

Last Thursday, Rambus formed a piercing line which is very bullish. Friday, it formed a bullish engulfing pattern (again bullish).

Yesterday, it formed a shooting star which signifies a minor reversal. We got that reversal this morning. The news probably stopped that reversal in its tracks.

The action today, closing above the open, was very bullish. Look for traders to jump back in very soon.



To: Boplicity who wrote (7600)9/29/1998 10:31:00 PM
From: wily  Read Replies (1) | Respond to of 93625
 
Yeah, he's right. You have to at least have a position, and then if you want to add trading shares that's OK. Just don't get too margined. I think it's part an ego thing that you don't want to see a nice gain slide away in a crummy market. I had my permanent shares and I sold em the other day at 63. Pass the kleenex

wily


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