Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 98.21

-2.6%

Feb 5 3:59 PM EST

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To: Gary Wisdom who wrote (6978)	9/5/1998 2:26:00 PM
From: jopawa	Read Replies (1) of 93625

Gary, Next week is crucial to this market. As we both know, the long term health of the market is always based in the reality of the economy and earnings. Unfortunately nobody knows what the future holds. Short term we are driven by emotions, either on the up side or the down. Emotions will play a great deal next week as many people new to this market in the last 5-6 years are for the first time looking at a 25-40% loss since April. If next week has more in store for us on the downside people will be taking more aggressive actions to safeguard their portfolios. Don't for a minute believe the mantra put out by the media ,and repeated ad nauseum by small investors, that " I'm in it for the long term". Most of these people have never felt the pain of a brutal market. Most weren't even in during '87. I am neither bull nor bear, I'm just a skeptic! I agree 100% with you that we always in the short term overshoot on both the upside and the downside. I just remains to be seen what will happen. The one thing that you are dead wrong about is this "everyone is back" next week stuff. Give me a break. I heard that for two weeks now, that all the pros are on holiday so the rookies are screwing everything up. Do you really believe that anybody on holiday who manages money, was sipping Pina Coladas oblivious to what was happening? No chance! They were actively participating in their funds, if just from a different location. We'll see what happens. Incidentally, Rambus was tough at the end, no real sellers to speak of. Certainly the kind of stock that will do well in the next up move. John

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