Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 95.45

+1.3%

Dec 15 3:59 PM EST

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To: Paul Kern who wrote (72380)	5/9/2001 4:49:59 PM
From: Sun Tzu	Read Replies (1) of 93625

I took a look at RMBS profile on marketguide. Despite the drop, this is still one very pricey stock. It is trading at 14.4x revenue compared to 6.7x for the industry and 4.2x for SP500. Given the recent developments, it should trade at a discount to the industry until a clearer legal picture emerges. At 5x revenue (by no means a cheap valuation) the stock will be ~4.5. There must be something that I am missing here. I've been watching the order flow all day long for the past 4 days (I am 6000 shares short). Despite the apparent price drop, there has been good accumulation under the surface. It almost prompted me to close my position when RMBS broke 12.90 and then bounced back to over 13.50. It was mostly luck (and some discipline) that prompted me to wait and see. Just the same, this is too confusing. And if I am still confused at the close on Monday, I'll be closing my position. I'd love to hear price targets (and why) from both camps. Does anyone think a favorable FED action next week may cause a bounce back in RMBS? ST

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