Monday, August 27, 2001 5:23:45 PM
LG,
With the INTC news today that was the impetus for some short covering....I don't get big expectations these days....but the fibonacci lines suggest 8-8.5 is a reasonable expectation for a near term target. Unless this is a dead cat bounce any pullback should be bought. That's about the end of my current thoughts on rambus. Better upside targets can be made after this impulse is exhausted and pullsback, I can update this chart then.
With the INTC news today that was the impetus for some short covering....I don't get big expectations these days....but the fibonacci lines suggest 8-8.5 is a reasonable expectation for a near term target. Unless this is a dead cat bounce any pullback should be bought. That's about the end of my current thoughts on rambus. Better upside targets can be made after this impulse is exhausted and pullsback, I can update this chart then.
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