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

To: MileHigh who wrote (20168)	5/13/1999 8:56:00 AM
From: Zeev Hed	Read Replies (3) \| Respond to of 93625

Mile, you can also add the break of the Bollinger band, often, after such a break (if the stock does not stay above the upper band for few days), a retrenchment of significant proportion occur. What we need here is continuation of volume above 2.5 MM shares for few days and a punch through the 77 as you said. I think we have a pretty good chance at that for a number of reasons, first, this time the money flow is very strong, the OBV is on the verge of turning positive and the relative strength is there as well. Of course these also peak often with the price, but if we go to positive OBV and stay there in the next few days, things are going to look good for a positive summer for RMBS. Positive earnings next week of few big techies might provide the necessary fuel. Just do not fall in love with the stock and keep those SL climbing (mine is at 68.875 at this point, leaving a lot on the table in case of change in sentiment. Zeev