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

To: Ian Anderson who wrote (20437)5/19/1999 10:53:00 AM
From: MulhollandDrive  Read Replies (1) | Respond to of 93625
 
Ian,

I just have a fundamental understanding of TA. Take a look at this chart, I believe Milehigh indicated that RMBS was forming a reverse head & shoulders, no guarantee, but looks plausible. If that is the case, RMBS could/should retrace back to the low to mid 70's which would mark the bottom (or top depending on how you're looking at it) of the right shoulder. If it doesn't breakdown there, I would consider that an excellent buying point, assuming you like the fundamentals long. This is just an opinion, As usual, do your own DD.

timely.com

bp



To: Ian Anderson who wrote (20437)5/19/1999 1:05:00 PM
From: Al Serrao  Read Replies (2) | Respond to of 93625
 
Ian, the relative strength on RMBS just turned positive after having been negative since Jan-Feb. This would imply that RMBS should outperform the market going forward. Hope this helps.


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