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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 96.29+2.2%Dec 2 3:59 PM EST

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To: Zeev Hed who wrote (26400)8/4/1999 8:17:00 PM
From: Don Green  Read Replies (1) of 93625
 
Zeev

I don't think this market can turn bear unless we have a long (6-12 month) slow decline to kill the Buy the dip mentality.

My feeling is this market is only good for a 10-20 percent gain in any given bullish year and since we have already reached that level it needs a strong decline (refueling stop) to justify any higher moves. The one danger is the potential for a MAJOR Y2K selloff in late Oct to mid Nov (always a scary time anyways). It isn't justified but what is these days. If that occurs Jan-Feb could be the greatest (relief) rally in market history IMHO.

regards
Don
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