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

To: jopawa who wrote (12648)1/8/1999 3:43:00 PM
From: J. Kerner  Read Replies (1) | Respond to of 93625
 
Don't judge the stock by one day's performance. It just made a new high yesterday in a flat market. Today the volume is extremely light. MMs could take the stock wherever they please.



To: jopawa who wrote (12648)1/8/1999 5:13:00 PM
From: Al Serrao  Read Replies (1) | Respond to of 93625
 
John, actually RMBS broke to a new high today as it hit 109 15/16s. For those of you that may follow P&F charting, RMBS has now formed a DT ( double top ) following a TTB ( triple top break ). When this pattern developes its called a bullish catapult formation. A move to 110 would be a break. This type of formation is usually followed by a spike or an explosive move up. I wouldn't leave the party just yet. Best regards.


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