Hi Dave B; Re: "... listening to Carl would have prevented you from having the opportunity to make a lot of money in RMBS."
RMBS is now considerably lower than when I said RDRAM is dead, dead, dead in late 1999. The big hump in 2000 was due to SDRAM licensing, and the company has since been shown in court to have used FRAUD to have obtained those revenues. Here's a chart:
siliconinvestor.com
In addition, the number of shares held by the public now is larger than the number held in late 1999, because the insiders have been dumping shares every month since then. On the average, the public has been killed on RMBS.
If someone made money on RMBS during the period in which it dropped in half in price, more power to them, but they are likely a better trader than they are engineer, LOL. What they did was buy low and sell high, not figure out how to put RDRAM chips into notebooks or convince AMD to make RDRAM chipsets.
But during these past 2 years it would have been pretty simple to have bought high and sold low.
If someone listened to the sheople's bleatings on this thread, they could have doubled up on margin when RMBS hit $300 per share and they'd now be in bankruptcy. Indications are that a few people did exactly that. Maybe my warnings stopped some guy from losing his money that way.
I wrote public posts to buy RMBS on two panic lows, posts where every RMBS long was avoiding the thread like the plague. Both those entries were immediately profitable. I also gave indications that a sell was timely just before the judge dropped Rambus' patent claims.
I've repeatedly stated that shorting RMBS is a dangerous habit, as the stock is given to short covering panics, and I've given specific warnings to individuals who came on this thread claiming to have shorted. In addition, I admonish traders to not put too much of their money into any one stock. This is standard risk management, and with RMBS' secular down trend, this advice would have helped a long term investor. Rambus has underperformed the Nasdaq over the last 2 years, being diversified would have helped most investors:
finance.yahoo.com^ixic&a=v&p=s&t=2y&l=on&z=m&q=l
-- Carl
P.S. The posts on this thread have no measurable effect on the stock price, as has been repeatedly demonstrated when important news gets talked about here before Wall Street catches on to it. Anything I write here will be listened to, at best, by only a handful of people, and out of those, most of them undoubtedly listen to a lot of other posters.
This is amusement. If someone makes money off it, so be it, but the primary purpose of SI is to amuse. |
