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

To: Rosemary who wrote (13931)	1/20/1999 5:54:00 PM
From: jopawa	Read Replies (2) \| Respond to of 93625

Thread, Here's my take on the near term price action. 1: If the market treads water here or goes marginally higher, RMBS does very little, trading in a 80-90 range. 2: If the NAZ corrects, (God knows it should) RMBS could potentially drift to as low as 70 which seems like bedrock support. Remember how long it took to break it, and how fast we rocketed off it. Strong support IMO. This is based on my opinion that management has dampened the expectations of a huge ramp this year, and the probability that we have no near term catalyst to go higher, and there are no expecations of an earnings driver until this time next year. Comments? John/still long but wondering what the near term benefit is.