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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 106.53-1.9%3:59 PM EST

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To: Victor Lazlo who wrote (36075)12/30/1999 12:49:00 AM
From: Bilow  Read Replies (2) of 93625
 
Hi Victor Lazlo; Actually, I'm in a very much long mood right now. I have no shorts or bearish derivatives.

As far as charting goes, I think that RMBS is a breakout buy at around $75 per share, with a tight stop loss. It is a short if it breaks below the mid 60s. This is pretty close to what everybody else who looks at the chart thinks. But I don't think that the stock is a great bargain right now.

I think the great bargains right now are micro cap stocks selling below book value. The ones with earnings, growth in revenues, and no debt are safest. Maybe biomed will be the next area of speculator interest, similar to the linux fever we've been having.

And I don't work for a Rambus competitor, nor do I now know, nor have I ever known (as far as I can recall) anyone who worked for a Rambus competitor, other than the usual sales reps for the various memory makers. I'm not involved in the design of memory chips. I have never designed a memory chip. I know no one who designs memory chips. I have never known anyone who has ever designed memory chips.

I WORK FOR COMPANIES THAT DESIGN PRODUCTS THAT REQUIRE DRAM. I DESIGN MEMORY SYSTEMS. I AM CONSEQUENTLY A CUSTOMER OF MEMORY COMPANIES. THAT IS WHY I KNOW MORE THAN THE USUAL ABOUT MEMORY. A LOT OF MY FRIENDS DO THE SAME THING. WE TALK. WE CALCULATE. WE COMPARE. WE EARN LIVINGS DESIGNING ELECTRONICS THAT USES SDRAM. NONE OF US ARE LONG RMBS. WE KNOW WHAT IS GOING ON. MOM AND POP DO NOT.

It really is very simple. There is no need to postulate alien abductions.

-- Carl
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