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

To: Barry Grossman who wrote (13722)	1/16/1999 3:05:00 PM
From: jmanvegas	Read Replies (2) \| Respond to of 93625

To Barry: Thanks for the welcome. The discussion on this thread is enlightening and I enjoy it very much. I believe the long-term story on RMBS is encouraging to say the least, that is why I hold RMBS in my retirement account. But I believe there is a valid reason why Edelstone downgraded and it isn't so much as to scoop up shares at lower prices, though that could be. There is much manipulation going on in Wall Street by analysts who don't know there beans from a hole in the head. However, I believe the momemtum is gone for now and technical analysis is equally as valid as fundamental analysis. Sometimes the charts lie, many times they do not. But after many years of investing, I know that nothing is a slam dunk until the ball goes thru the net. jmanvegas

To: Barry Grossman who wrote (13722)	1/17/1999 2:18:00 AM
From: jmanvegas	Respond to of 93625

Last thought before I call it a night. Looked at the charts of INTC, AMAT, KLAC. I know, I know, - here I go again with boring TA. In the past, RMBS was relatively following INTC's chart - last week was a classic divergence. Whether this is a buying opportunity or not at this time, only time will tell. AMAT & KLAC's charts look great, especially since KLAC broke out and closed at new highs. But the stochastics say both are overbought. Now both these stocks can extend further, no doubt, but they will have to correct in order to remain healthy. Will this put additional downside pressure on RMBS? I don't know, just like to read the tea leaves. Now don't beat up on me. Just like to put a little oil on the fire for all the fundamental bulls out there. Fundamentally, I like the RMBS story, technically, I don't for the short term. But I've been wrong before. Haven't we all?