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

To: RetiredNow who wrote (13717)	1/16/1999 1:36:00 PM
From: jmanvegas	Read Replies (3) \| Respond to of 93625

To Thread Have been lurking for quite a while. I am a long-term bull on RMBS. Have purchase large blocks at much lower levels and have flipped the shares on several occasions for excellent short-term profits. Own RMBS in my retirement account. Sold out yesterday in the high 80's. I am quite concerned about the way management handled the warning. Should have warned prior to the earnings being released as opposed to the possible "manipulative" way it was done. I am a technical trader and have been doing this for many years. The trend line has been broken. Gap down! Could refill gap near 95 - 96. Could even go higher if techs resume upward trend. But shorts will be all over this in the high 90's or 100's if RMBS gets there again. The charts look lousy right now. Broke 50-day moving average and closed below that average. Should retest the 81 1/4 low on Friday in the short-term. If it breaks that, sayonara. Could refill the gap left at 74 -75. Earnings outlook poor, management handling of that even poorer. Earnings coud be lowered for the year 2000 as there will be delays in ramping up, competition, and initially high prices. I am looking to buy at much lower prices. The chart reminds me of TLAB after the Ciena fiasco. I believe the only reason RMBS recovered from the lows on Friday was the 71 point gain in NASDAQ. Could be wrong, but the charts tell be otherwise. Any comments? jmanvegas

To: RetiredNow who wrote (13717)	1/16/1999 1:50:00 PM
From: MileHigh	Read Replies (1) \| Respond to of 93625

mind, I stopped predicting where the stock would go, if even for fun. If you go scan back over the thread, most of our daily and weekly price projections were simply wrong. But I suppose the techs will correct at some time and we will get our buying opportunity.... It was great to hear that CPQ and DELL are fighting to introduce RDRAM to the market first, so we are lead to believe. Right now I am trying to figure out if we go sideways for a while, if so CC's could be a play. Maybe sell the Feb 95's or 100's... Just thinking, MileHigh PS- I guess by selling calls, I am trying to predict where the stock is going, aren't I? <gg>

To: RetiredNow who wrote (13717)	1/16/1999 2:09:00 PM
From: jmanvegas	Read Replies (1) \| Respond to of 93625

To Milehigh: The Semi's did lousy on Friday. INTC was up slightly over $1, TXN unchanged, BRCM down 2+, RMBS should have been down greater if it were not for 71 point gain in NASDAQ. Big volume on RMBS. A lot of shares flipped by daytraders, I'm sure. But 5 million shares is an awful lot of shares. There had to be funds selling and I think they might have gotten a gift to get out in the high 80's or 90+. Let me say that the funds have no loyalty to any stock and if they think it will be dead money in the near term (6 - 9 months) they will pull the plug and rebuy at lower levels. The day Edelstone downgraded RMBS was the day the trend was broken. Curious, huh??? jmanvegas