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

To: MileHigh who wrote (9950)	11/19/1998 11:55:00 AM
From: WineOh	Read Replies (2) \| Respond to of 93625

To All: Espically traders, On a technical basis RAMBUS has to fill the price gap between yesterdays opening and Tuesdays close. It has been my experience that stocks ALWAYS fill price gaps, with two rare exceptions. Break away gaps as demonstrated by Westinghouse at about 18 in 1997 when Karmizan was hired, and Island reversal gaps, I don't have an example at hand. So Rambus should trade at or below the high price on Tuesday sometime in the (Near?) future. Traders might look to that price as your buy price if you want to try be exact. As a reference go to WWW.BigCharts.com and run a RAMBUS chart for 3 months with daily trades. The gap is obvious. Also you will see the pattern of filling past gaps in price. Big Charts is great for this kind of analysis. As an example look at the gap and fill at about $56 last month. Just MHO WineOh