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Wednesday, January 24, 2007 

RMBS reported blowout Qtr - strong revenue

Chart courtesy of stockcharts

RAMBUS said after the market close that quarterly revenue rose 24% over a year earlier, driven by new patent licensing agreements. Fourth-quarter revenue was $51.7 million from a revenue of $41.6 million a year earlier. The stock was up 0.71 or 4% to 18.19$. Looking at the chart, the stock has broken out an important resistance at 18$ before earnings, let's see if tomorrow this resistance will support the stock. According to this earnings report I'm Bullish in the stock, however my only fear is the stock option grants. RMBS said it won't complete its restatement by the Feb. 9 deadline set by Nasdaq's listing qualifications panel, and said it has asked the listing council to stay the move, but there's no assurance the stay will be granted. It's a dificult decision , but the results have been great, it's my opinion.

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 !!!!



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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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