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

To: Dave B who wrote (19035)	4/22/1999 4:22:00 PM
From: unclewest	Respond to of 93625

dave, hard to believe that intel spent 8 years and billions on rmbs, then got 70 other companies to spend billions more, then setup their entire future on the rambus technology. then backed out...and their share price is up 3+ for the day. unclewest the market moves big on hype and rumor.

To: Dave B who wrote (19035)	4/22/1999 4:27:00 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 93625

dave, I don't know about "automatic" selling, but the 60 support level has been well documented and established. For technical traders once a stock breaks the support, it's a major sell signal. It's like you say, the volume ticked up after it hit 60, along with the bit of FUD that co-incided with the broken support, we may have seen (let us hope) the "capitualation" selling that the next wave of traders/investors were looking for before taking a position. Guess we'll know tomorrow. bp