Ibexx. An "I told you so but now I'm with you" message. You may or may not remember that early last August, before the first big price break in Rmbs, I repeatedly said on the thread that I was essentially sure that Rmbs was trading on a speculative bubble, that was certain to burst, with a huge price decline, and would probably burst fairly soon.
Which of course it did, within a week of my first postings.
I also noted that I expected further declines, with Rmbs available at at least the low 40s, and possibly the high 30s, within a year.
I also consistently expressed great confidence in Rmbs's longer term future. I consistently said I had an interest in buying the stock for long term investment, once it got into my area, or enough time had passed, or some of both.
(I also noted playing the stock for a 20% or so gain when H&G upped its estimate, for a quick two day trade. Which is very much contrary to my usual style.)
Well, Ibexx, I think Rmbs is quite interesting here. A bit early now, perhaps. But I doubt it has much more down to do. And any time now, it could march to a 50% increase within a few weeks. With a great longer term future.
So I took an initial 1K position today at 40.5.
I greatly respect your analysis of technology companies. I think your instict for value and overvaluation could use a bit of refinement.
Doug
doing fabulously in Gstrf, Lor, psft, ctxs, hboc, neta, amzn, ala, csco, tlab, efii (post crash), mcic, cmb, cci, trv, etc., etc. |
