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


To: MulhollandDrive who wrote (13973)1/21/1999 12:33:00 PM
From: jopawa  Read Replies (3) | Respond to of 93625
 
I know, I know, I'll crawl back in my trading hole and leave you alone.

John



To: MulhollandDrive who wrote (13973)1/21/1999 5:05:00 PM
From: jmanvegas  Read Replies (1) | Respond to of 93625
 
Hi bp,

I started to scale into RMBS today and will continue over the next week. The stochastics indicate the most oversold situation for RMBS since July, 1998 and is below that of October, 1998. This particular indicator has not failed to show that an intermediate term bottom is in place. A few dollars even lower and I get even more bullish. All bets are off if the overall market tanks- then it doesn't matter what indicator anyone is looking at. I'm on the bus and will ride it down and continue buying if prices erode from here.

jmanvegas