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Sunday, January 28, 2007 

RAMBUS jumped again !!

Chart courtesy of stockcharts

Shares of RMBS rose more than 9% on friday closing at 18.96$. About 15 million shares of Rambus changed hands, versus average daily trading volume of 5.3 million. The move is being attributed to an update on thrusday night on the Hynix Semiconductor, Inc. v. Rambus, Inc. case. At the US District Court, Norther District of California website a tentative ruling showed: "Motion for new trial on damages is denied without prejudice. The motion cannot be resolved until after the conclusion of Phase III." Resistance is now 19$, stock must break it to go forward.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!

AC

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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