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Monday, February 05, 2007 

Shares of RAMBUS blow up !!!

Chart courtesy of stockcharts

RAMBUS " RMBS " shares soared more than 24% to 23.50$ , in reaction to FTC's antitrust order. In its final order, the FTC said Rambus can charge a maximum rate of 0.5% for DDR SDRAM and a rate of 0.25% for SDRAM -- memory chips widely used in personal computers, servers, printers, and cameras. Those rates would apply over three years and then go to zero.!!! however the most important factor was that the commission nothing said about DDR2, the current flavor of memory used in the majority of PCs, nor did they rule on DDR3, which is expected to be the next major memory standard.
The technical chart indicates that the stock is now very Bullish, close above 50 dma and 200dma. The momentum is good for Bulls with MACD above 0 and RSI in Bullish territory, the volume was huge !!!! I'm still Long in the stock.

Stocks to watch tomorrow : CYBX , NUAN

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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