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

To: unclewest who wrote (19574)	5/3/1999 8:15:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 93625

uncle, random observations. The first bounce from the swoon to about $60 was quite strong to $83, the second bounce from the same level, did not make it past $77 or so. We are now in the first bounce from $51.5, and we made it barely to $61.75 (just the bottom of the prior trading range 61-80). In the process both OBV and money flow continued to deteriorate, this in face of very strong contributions by Stuart (assuming most of his buying occurred since the first swoon to $61, but I have no way to know that). Such a lengthy decline with weakening technical underpinnings but strong fundamental future outlook, often resolve themselves with a cathartic decline in a one day volume price reversal. Thus my change of heart that $49 may not be the eventual bottom but that the stock might still have another breakdown to the high $30. The way I see it, we get another swoon to the low $50 with a marginal new low, a bounce to just under $60 and then later in mid to late June, the stage will be set for a massive rally (from $40 plus minus few bucks) to a new high above 110. Just some random turnips ramblings of course. Zeev