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


To: Ms. X who wrote (9758)11/17/1998 4:06:00 PM
From: MulhollandDrive  Read Replies (1) | Respond to of 93625
 
Well it was right on the money for anyone buying RMBS this a.m.

I know Louise Yamada(sp) uses it for market & sector analysis. She's been consistently correct in her market predictions.

bp



To: Ms. X who wrote (9758)11/17/1998 5:10:00 PM
From: MileHigh  Read Replies (1) | Respond to of 93625
 
Jan,

P&F is fine, but I was the RMBS "pain in the a@@" a while back questioning the supposed breakout on high volume to 71'sh, remember. It was about a month ago and the stock spiked and closed down for the day- not a good sign.

I made the case for it being a massive short covering spike and not a true indicator of buying strength- it proved to be right, IMHO, as we moved down quickly from that day. Now we are seeing a much more sustained and strong move upward closing at the highs. This only my opinion and is not a P&F indicator.

BTW, I am glad you were right on todays move. We are all a lot richer because of it. <gg>

Regards,

MileHigh