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

To: MileHigh who wrote (14686)	1/29/1999 7:34:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 93625

As many of the longtimers here know, this is par for the course with Rambus. There are so many weak hands in this stock all the time. Whenever we go into a prolonged downtrend, the daytraders give up. The market makers and institutions know this. $63 is the 200 dma. IMHO, if we break this, we're in deep sh*t. As for me, if we get to $64, I'll be loading the boat. I don't think there's anything wrong with the company; the stock's the problem. Shame on me for buying in at $81, but I thought for some stupid reason that buying a stock I sold for $17 more where the fundamentals hadn't changed was a fairly smart thing to do. Guess I was wrong (once again). The sad thing is that the sox was up 20% in January while Rambus was down 22%. Not a good sign. If there's a skeleton out there, we should find out pretty soon.