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Thursday, November 16, 2006 

RAMBUS shares spiked 30% WOW !!!

Chart courtesy of stockcharts

RAMBUS " RMBS " shares soared more than 30% to 21.72$ , on speculation that the company could emerge from a lawsuit filed by the FTC, the volume was Huge !!! The technical chart indicates that the stock is now very Bullish after broken the channel mentioned above. The stock should keep going up and perhaps it will reach 200 dma line very soon. Indicators are all Bullish MACD + RSI. I'm still Long in the stock.

JDSU shares lost some momentum today due to some profit taking and consolidation fase.

Stocks to watch tomorrow: SBUX , HPQ , SANM , EGLT , AVNR , MSCC , CPWM

That's All. Have a nice evening !!



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About Me

  • 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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