Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 91.18

-4.3%

Nov 17 3:59 PM EST

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To: unclewest who wrote (29779)	9/17/1999 2:44:00 PM
From: wily	of 93625

Joe McAlinden of MSCO was just interviewed on CNBC. No mention of RMBS. He was talking about the market direction in general, especially with respect to y2k. He expects a "hiccup" in the market sometime in Q4 due to revenue problems from y2k-related corporate budget lock-downs (hope I got this right <g>). Bottom line is he is "cautious" now. He sees a great tech surge coming in the new year and thinks any hiccup would be a great buying opportunity. I think that may explain why RMBS got stuck in this un-RMBS-like tight trading range: They recently said support was in the 92 area and now they're looking for lower prices. So they were selling into the "support". Just a theory. Abby Cohen my hero was in the news too (not interviewed). She says DON'T WORRY! (good Jewish Mom). The strong yen isn't bad for the dollar. Money leaving the US for Japan will not be a problem. The US market will continue to rise although not as fast as before. Inflation concerns are overblown. If we get a rate hike it is already priced in. (Hope I got this right). My comment: S&P has been flat for a long time. The markets are not extended that far from their 200-day ma's. w

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