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

To: wily who wrote (7864)	10/4/1998 8:30:00 PM
From: jopawa	Read Replies (1) \| Respond to of 93625

wily, Some things are very obvious if you watch the minute to minute machinations of RMBS. Last week, it was obvious that the move to 72 was a short covering or sucker move. RMBS, on its' breakout days, reaches daily highs and then pulls back, only to bust through those highs within 1hr or so. When it didn't do that last week, but instead headed lower, I jumped at 68 1/2, even though it was 4 pts lower than the morning. I just don't trust traditional TA, or FA for that matter, with RMBS. It's sort of an instinct game when it comes to RMBS. I played it perfectly last month until it went to 50, then I struggled to trade it until the Fri that I saw some significant action. I may be at that same stage now, buying back in Fri at a bit of a shaky point. Hot money's not blown out from the previous two weeks, but some strength was certainly displayed on Thurs and Fri. Time will tell. John