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


To: Adam S who wrote (18787)4/16/1999 8:24:00 AM
From: capt rocky  Read Replies (2) | Respond to of 93625
 
thanks for that post. looks like yesterdays vol. is 5th highest in recent trading. lets face it. at these levels it is under accumulation.if it is up today at this vol.,the shorts are going to have to bail. dlj up grades amazon on cnbc this am.looking for pop on oped. rocky



To: Adam S who wrote (18787)4/17/1999 9:03:00 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 93625
 
Adam,

Aren't you worried about the ascending triangle. It needs to make it
pass the 3/4 point to the apex to not have a high probability of resolving the price action to the down side and lower prices.
This chart is indicating a tradable oscillation, but nothing to get excited about yet or am I missing something? This chart seems to support Zev's view right now. Of course any unexpected news will invalidate the TA as RMBS is a more of a news drive stock rather than a fundamentals driven stocks at this stage.

Harry



To: Adam S who wrote (18787)4/17/1999 10:18:00 PM
From: Johnny Canuck  Respond to of 93625
 
Sorry,

That should read descending triangle. It has been a long week.

Regards,

Harry