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


To: jopawa who wrote (18977)4/22/1999 1:23:00 PM
From: MulhollandDrive  Read Replies (1) | Respond to of 93625
 
john

This is getting old. I wonder how many times RMBS is going to bounce off the 60 support level. Seems someone's trying hard to take it down, on low volume days the stock is easily manipulated UP or Down.

bp



To: jopawa who wrote (18977)4/22/1999 1:38:00 PM
From: Al Serrao  Respond to of 93625
 
jopawa, my guess the MMs are at it again. It was a nice trade for them when they took it below 60 ran it up quickly and have now bailed. It's a quick buck in an otherwise lack luster stock than happens to have a very high beta. No one's buying except for the smart ones who know the story and are ahead of the game. Meanwhile the funds are waiting either for the shipping date of Camino or for the earnings to come home. This has become a waiting game and for anyone who is unprepared to wait will miss the move and have to come in at higher prices. Zeev, may still be right. Remember, summertime for the techs is usually pretty boring or to the downside. Just hang in there and wait for the dips to add to your position. I believe we will all be very well rewarded. Best regards.