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

To: MileHigh who wrote (8879)	10/22/1998 4:07:00 PM
From: Allan Van Wagner	Read Replies (1) \| Respond to of 93625

Good action at the end of the day. Close 64 7/16 +11/16. On Thompsons RTQ saw about 10K trades after 4:00, all at the ask.

To: MileHigh who wrote (8879)	10/22/1998 4:21:00 PM
From: jopawa	Read Replies (2) \| Respond to of 93625

Mile, Easily one of the most tight trading ranges in the last 5 mos for RMBS, really only 1 pt range today. This market reeks right now of a buying panic, similar to the selling panic two weeks ago. Looks like all the money managers that paniced out, are forced to get back in whether they like it or not. bp, Fleckenstein's ranting about the banks in the Spring certainly were very prescient in light of what happened after July. Let's hope he is not also right about tech. He is still very bearish about technology, especially the chips and semi-equipment makers. If he is right, we will see some unbelievable pain, because after this massive buying spree recently, people's hopes are up to an almost unrealistic level. That's what makes a market. John