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

To: MileHigh who wrote (8726)	10/16/1998 9:41:00 PM
From: Sam P.	Read Replies (1) \| Respond to of 93625

Mile High, Here is the EE times take on the deal.http://www.eet.com/story/OEG19981016S0023

To: MileHigh who wrote (8726)	10/16/1998 10:17:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 93625

Milehigh, we did not keep "butting up" at $66-67 The stock was there only in the first 15 minutes. Check out the volume/price chart I posted earlier. The important number IMO is the 13 and 50 day moving averages. Neither has been violated. It has been stated a million times on this thread, and we all know it to be true: without volume, Rambus is dead. We had tremendous volume at the open, then we had decent volume a few times in buying spikes, and the rest of the day we had absolutely no volume. Monday, and after, it depends if we get institutional buyers or not. If not, you are probably right and the stock will drift lower. I see an ascending triangle forming, so I would venture that $50 might be the base this time. Unfortunately, I don't see us getting as great news as we got today for a while. If we can't move up a penny on news like this, you are probably right. We'll see.

To: MileHigh who wrote (8726)	10/16/1998 10:28:00 PM
From: jopawa	Read Replies (1) \| Respond to of 93625

Mile, Gary, I don't have enough to worry about right now, I'm content to make a small base at 66(OUCH!), if it goes lower from here to say 50, God forbid, I'm buying more. I might very well trade in and out(traders never die they just fade away!), but I'm hanging in for next year. I traded RMBS really well for the last few months (until today), but ultimately I want to own for the future, and today cemented that future. Today's news was a true breakthrough for RMBS and the extent to which INTC will go to push this standard clearly shows no bounds. I for one will not be left behind, even though I fu*&^#& up todays trade! Mile, you're right, we probably go lower from here, but as you know ultimately we go higher unless the world comes to an end or some rocket scientist comes up with a better solution, but all those clowns are working for hedge funds that are blowing up! Good Luck John