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

To: MileHigh who wrote (8934)	10/26/1998 2:45:00 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 93625

We've had a plethora of news in the past two weeks. Nothing new on the radar yet today. I know I've been joking about the "coiled spring" but RMBS has been consolidating since the end of June after the gap open and spike. Normally RMBS would drift lower on low volume now we're seeing it move up on average to low volume. It just feels like the selling has dried up, investors have been staking out their positions and see no reason to sell. Technically I think when it tests the high of 71 a few weeks ago we could see either a strong breakout or it will fall back to the low 60's. With all the news that's already priced into the stock, RMBS could move on technicals for a while, imo. bp