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


To: REH who wrote (7746)10/2/1998 1:27:00 AM
From: starpopper  Read Replies (1) | Respond to of 93625
 
Be careful REH, the next 3 months are shaping up to be the riskiest and most dangerous quarter we have had in the past 20 years! There is nothing wrong with taking a few months off so that markets can stabilize!

October has just begun and I already hear the footsteps towards the door! In my opinion we will break Dow 7400 convincingly and test Dow 6800...if that breaks look out below because it will be entirely possible to test Dow 6000! However, any move below 6000 will be a violent spike because there is HUGE money waiting to reenter below 6400! Remember all those guys that bailed out at Dow 5500-6500 two years ago are eager to get back into the game now! Also, watch out for this coming Monday particularly, and the two weeks that follow in general...I've got another one of those gut feelings and its not a pretty vision!!!

I don't expect RMBS to test its low of $35.5, but I'm convinced I'll be able to start establishing my new position in the high 40's, $48 to be exact, and build it to twice the size of my previous position! $42 should prove a tough floor for RMBS to fall through regardless of what happens to the rest of the world, but then again, 1998 has been an incredibly unpredictable year and it's not over yet!

$weet Dream$

$tarpopper