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

To: MileHigh who wrote (9173)	11/5/1998 11:01:00 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 93625

Milehigh, Sorry for the delay to your answer. As far as a stock being down on high volume, that is bearish. As the selling progressed yesterday and the volume increased, it was becoming apparent imo, that RMBS was experiencing a possible shakeout. If you recall the recent spike, you have to remember that many investors follow the momentum of a stock and buy shares on margin, chase the stock, and if it retraces, many get margin calls or their stop loss triggers get hit. Was it related to the rumor? Who knows? Basically though, it still seems the intermediate to long term trend is up. RMBS nearly hit the 50 DMA yesterday and reversed upward sharply after that. If it continues dropping on heavier than average volume, I would say the low 50 range is the next support. Rumors notwithstanding, I still don't think that will happen, but I guess we'll all know soon enough<g>. bp