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S&P 500: 1,317.11 Change: -0.21%
DouglasTom
P&P Score: 1.58   Points: -100.63   Accuracy: 33.33%   Average Pick Score: 15.52   Annual Return: 13.58% (54.92% since 5/10/08)  

DouglasTom's Blog : Rambus is on a breakout

Date April 25, 2010    Comments Comments (0)    Rate this post Recommend This Post (87)   
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Back in March I had mentioned that Rambus (RMBS) was on the run up. Well it has now broken out and will keep going higher setting new 52 week highs because they had great earnings reported last week and they have major cases that will be coming to a close and settled within the next 6 to 8 weeks. With each case that they continue to win the stock will keep rallying to new highs. I expect to see the stock back in the 40's again by the next earnings report that comes in July.
Tags : RMBS  

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