Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 95.53

+0.7%

Nov 28 12:59 PM EST

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To: mishedlo who wrote (62081)	11/30/2000 6:23:21 PM
From: Zeev Hed	Read Replies (2) of 93625

misheldo, your memory fails you. I have a very long term range for the naz (next 5 to 8 years) of 1900 to 5300, with quite a number of slips down. This general forecast has not changed much in the last two years. The more detailed forecast is already dead, since the turnips last April had 2950 as max risk on the Naz for this year and 2500 for next Feb/March low and 1900 for next year's low. Once the last rally did not go above 3150, the turnips erred, again and stated that the rally will fail and we will stop at 2800, but few days back, they "called 2500" into play. They have a moving target, and while they see right here a small bounce, the turnips forecast is still that we will not reach this year bottom until the second week in December (most recent "prognosis" is 400 naz points below next week high which right now they guess is 2800, so the December low should be around 2400). The 1600 figure was for the low on the NDX not the Naz. Zeev

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