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

To: MulhollandDrive who wrote (9636)	11/14/1998 8:53:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 93625

FWIW, here's my take on the chart: The past two days have seen the market try to penetrate Rambus' 13 dma unsuccessfully. IMHO, one of three scenarios will play out now. They are: 1. They (the bad guys) will be successful in breaking Rambus under the 13 dma (about $65 1/2 now). We will see a 2-5 day consolidation at this point before breaking through to new highs. 2. They (the bad guys) will test the 13 dma one more time and fail. We then break through to new highs. 3. They (the bad guys) are done giving away shares cheaply. We start breaking through to new highs beginning the first day of Comdex (Monday). The stochastics on the stock point to narrowing price declines. Note that we first hit $71 and then went to $48, then we went from $71 to $57. I believe looking at the stochastics that the worst we'll see here is $62 for a few days or so. The Balance of Power indicator shows money flowing into the stock. The Money Stream indicator shows strong money flows too. Semiconductor stocks are being accumulated and we are getting very close to the point that Rambus' revenues and profits will begin to substantially ramp up. IMHO, all things point to a violent upturn in the near term. Please do not give away your stock too cheaply. Have a nice weekend.