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Technology Stocks : RAMBUS (Nasdaq: RMBS) - THE EAGLE
RMBS 115.00-0.2%2:58 PM EST

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To: RetiredNow who wrote (563)1/8/2000 2:02:00 PM
From: Jdaasoc  Read Replies (2) of 2039
 
mindmeld:
OTOT
But I do believe that we are in a market dominated by very unsophisticated, superstitious, and gullible investors who will take a stock to ridiculous levels on the merest hint of potential.

How true. Friday's recovery is indicative. YHOO, QCOM, JDAS, CSCO and NT went up at least 10% yesterday and they didn't earn an additional nickle or announce higher earnings. One will have to become conditioned to 10-20% per day binges of profit taking and relief rallies. The question is do we get bigger/more frequent rallies or declines. THe average investor should understand at these P/E's it's mostly speculation.

john
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