Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: MileHigh who wrote (7852)	10/4/1998 6:57:00 PM
From: wily	Read Replies (1) \| Respond to of 93625

That's interesting MH, it says to me that even a break to new lows in the Nasdaq won't necessarily take RMBS out of the fifties, which is a good thing to keep in mind. It also implies, however, that $55 is possible in a good market. I don't see how that would happen, since we just tested the lows and didn't get to $55. (I would presume that breaking the lows would be considered a "bad" market.) So, someone heeding this analysis might miss re-entering the stock, expecting a return to $55 in a "good" market. Then again, maybe my idea of strength relative to the market is too simplistic, and RMBS could, indeed, return to $55 in a good market,(say, on a day when Nintendo announced it's abandoning RDRAM). I think one would have to study this form of analysis for oneself to really have confidence in it. wily PS: weren't the P&F guys giving you bullish signs just before it broke down?