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

To: KM who wrote (17012)	3/3/1999 11:13:00 PM
From: Gary Wisdom	Respond to of 93625

After all this BS in Rambus today, I just noticed that I got post 17,000. Every cloud has a silver lining!!! Hey, you gotta take it when you can. <ggg>

To: KM who wrote (17012)	3/4/1999 12:07:00 AM
From: Gary Wisdom	Read Replies (3) \| Respond to of 93625

The trend is your friend (more stats for a slow news day) Since the beginning of 1998, there have been 277 trading days. During that period, here's a breakdown of Rambus streaks: Up 2 consecutive days: 17 times 3 days: 10 4 days: 2 5 days: 5 6 days: 1 Down 2 consecutive days: 20 times 3: 6 4: 4 5: 2 7: 1 That accounts for 194 days, 103 of them up. The other 83 days were 1 day moves. Conclusion: 74 out of 277 days, Rambus goes either up or down 2 consecutive days. 83 out of 277 days, it goes up or down one day, and the reverse the next. That is 57% of the time that Rambus will make either one or two day moves, not more. Only 120 days out of that time have the streaks in one direction or the other exceeded 2 days. Thus, the odds are with you to buy after two down days or sell after two up days. Odds? Yeah, odds. In the 41 days this year, 22 have been down days. Statistically insignificant. So, if Rambus is down tomorrow, then a betting person might buy at the end of the day to flip the next day. Of course, that assumes the employment numbers won't tank the market. Who the hell really knows? <ggg>

To: KM who wrote (17012)	3/4/1999 12:14:00 AM
From: Gary Wisdom	Respond to of 93625

Balance of Power This is an indicator that gives you an idea of accumulation/distribution. Since the volume reversal day, BOP has been very strong on Rambus for 9 straight days (including that day). Before that, it was even mildly positive for 7 straight days. Meaning that the stock is being accumulated at the expense of the small investor panicking. Not to compare Rambus to Amazon <ggg> but in that last Amazon sell-off from $138 to $84, the Balance of Power never went negative. And as many of you know, it rebounded sharply off the bottom to $135 last week (now $123). Lesson to be learned: patience is sometimes a virtue.