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

To: Gary Wisdom who wrote (8837)	10/20/1998 11:07:00 PM
From: MileHigh	Respond to of 93625

Gary, I too think the stock is holding up nicely here, I will pick up the rest of my shares tomorrow and add periodically as time goes by... I have one comment- "Intel's investment in MU equals the call to action!" You will now see all kinds of companies coming out of the woodwork jumping on the RMBS bandwagon, especially the ones that were "on the fence" Regards, MileHigh

To: Gary Wisdom who wrote (8837)	10/21/1998 12:46:00 AM
From: brian z	Read Replies (1) \| Respond to of 93625

I am not surprised that RMBS held relatively well today and yesterday because the whole market was ok. But I don't think we have a support here. I still think we will have a market pull back soon. The market has two days big swings on high volume: strong open and week close. The Dow 8650 level had provided resistance twice today like the 8500 level did yesterday, and several waves of sell programs,triggered by the Dow breaking 8650, caused an even stronger bout of profit taking to clean out all the trailing stops. From the low on Oct 8th of 7540 to the intraday high today of 8652, we were up 1112 points. So far this year we have only had one streak of six days without a pullback and the gains were much less than 1000 points. We also only had three - five day streaks on with much smaller gains. IBM and MSFT reports are good but who knows how market is going to react? I am glad to see NASDAQ closed negative today. It makes market looking better. Let's see if DOW can break 8650 without pulling back. Someone on this thread said that RMBS is not a normal stack and dose not follow market very closely. I just have a hard time to believe that RMBS can hold if the whole market pull back even just for profit taking.