Dear Don,
I would like to clarify some incorrect conclusions you've made about me on your post no. 22568.
The original post from Yahoo's board was from one of my subscribers who did not have his information correct. I have never stated that a $10,000 dollar investment in Rambus will grow to $1,000,000 in ten years. That statement is simply not true, and I do not want to give anyone the impression that I am making such an irresponsible claim.
For the record and to clarify, my two long-term portfolios have grown from $10,000 in 1986 to over $1,000,000 today. The subscriber who posted otherwise was wrong and I have since contacted him to request he not post such misinformation. I have earned 43% a year for 12 years, 79.9% a year since 1995, and 98.5% in 1998. Every one of my reports has been sent to Mark Hulbert, for the record.
Getting back to the outrageous claim of Rambus growing from $10,000 today to $1,000,000 in ten years, I must confess that I am personally convinced that it is quite possible. Although, I would consider it wrong to use the number on my site at this time. If you find it utterly inconceivable that Rambus could increase 100 times its current stock price, I must point out to you that CISCO went up 310 times in the last nine years after seven splits, of which five were two for one, and two were three for two. Rambus' stock certainly has the potential to grow 100 times its current value.
Additionally, in regards to your information about Rambus' relation to the Dow, I have a problem finding an algorithm that calculates a figure for the Dow going up 10 times if Rambus goes up 100 times. Where did you get that idea? Your calculation seems to imply that if Cisco were up over 300 times, the Dow must have gone up 30 times, or from 3,000 in March 1991 to 90,000 now. That doesn't seem correct, does it?
I do believe that Rambus will be one of the biggest stock success stories in the first decade of the next millennium. This is not hype, it is a personal belief. And because I have done my due diligence, I can sleep very well at night no matter what the "Fudsters" do with the stock. I find it remarkable that the most notable Rambus bull on this thread is Unclewest, who has never stated anything except the facts. At the same time, the "Fudsters" continually come up with slanted stories and outright lies.
I also find solace in the fact that its nice to be a bull considering the market has had an upside bias of about 17% for the last 10 years. That gives the bulls a basic advantage of 17% over the bears. Don, maybe you should switch sides. If you visit my site, you will see I do not hype companies, but rather I share with my subscribers the knowledge and research I've done to make recommendations. There are over 60 free pages at fredhager.com that document my investing philosophies and practices.
And the FACTS just keep on coming.
Regards,
Fred Hager
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