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

To: Boplicity who wrote (14310)	1/27/1999 4:52:00 PM
From: jmanvegas	Read Replies (1) \| Respond to of 93625

Here's my take for today. Broke the 81 1/4 low put in last week and will likely fill the 74-75 gap which would be long-term healthy. RMBS is now well oversold, but how much oversold? That's the $64,000 question. What was once support levels are now resistance levels so we have a lot to overcome over the next few months. So, from an investor's/trader's point of view, I would look to pick up shares as cheap as possible, letting the stock fall as low as possible knowing that overhead resistance is going to be fierce for the near term. Hopefully, management will have market moving upside positive news forthcoming at the annual meeting to thwart the current slide. On top of that we've had good fundamental news over the last 2 weeks. Maybe the street doesn't like the fact that INTC has to invest in every manufacturer in order to assure that the ramp gets going. As I said in previous posts, I believe RMBS is a stock accumulation play at this time, but at what prices. This is where everyone on this thread has their own opinion. I personally like the high 60's - low 70's where the original breakout occurred. But don't hold that against me if I'm wrong. It's anybody's guess. The battle is on. Good luck to all. jmanvegas