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

To: Rosemary who wrote (10426)	11/26/1998 8:48:00 PM
From: wily	Read Replies (1) \| Respond to of 93625

Rosemary, I think you are right. I think RMBS goes higher before it goes lower. We will probably see a double top in the 89-93 range, but this time it will hang there a while. Then a pullback with a bottom of 81-83. Anyone who wants to get in lower than that has to hope for a significant market correction before RMBS clears this present range (80's). Otherwise a market correction would bring it back to this range AT BEST. RMBS blew through the 70's, left a gap unfilled and made a liar out of a bearish candlestick. Bad manners RMBS. Spooky, and now spunky. What will be the next leaf you turn? Do we get a correction? The bears on the Michael Burke thread, who can be counted on for the gloomiest of the gloomy outlooks haven't been counting on one 'til post-Christmas. My presrent position was established at 68, 71 and 81. Like unclewest says, I was averaging up and happy about it. I feel pretty certain about the double top, less certain about the pull-back to 81-83, just because of the hysteria in neighboring sectors. RMBS may cease to act "normal". My next buy may be at 91. It's easy for me because I don't have tens of thousands of shares to put on. How I pity those that do... >>I've seen this happen before with other companies I'm curious what stocks you're referring to. Thanks, wily

To: Rosemary who wrote (10426)	11/27/1998 12:34:00 AM
From: Gary Wisdom	Read Replies (2) \| Respond to of 93625

<<cause this doesn't really fly down, it drifts. >> On Sept 28, Rambus hit $71 7/8. Eight days later, it hit $48. That is not drifting down - that is falling off a cliff. I do not know where Rambus will be in 10 days. I don't think anyone does. But this is not Amazon.com or Ebay. It has a history. And, while I have left some money on the table, I am comfortable with that for the most part. Those that choose not to learn the mistakes of history are doomed to repeat them. I feel much better hedged right now. Check out the chart last August. Everyone thought then that it would never see the $30s again. As you know, it did. And, the volume was much, much stronger on the way up to $87 that time. It is nothing right now. Just don't be complacent.