Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 87.70

-3.8%

Nov 18 3:59 PM EST

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To: MileHigh who wrote (7804)	10/2/1998 9:42:00 PM
From: wily	Read Replies (2) of 93625

2c: Relative Strength: Rambus put in a bottom same time as rest of market. Nasdaq bottomed 6% higher than Sept 1. Rmbs bottomed 24% higher. Nasdaq moved up 3% intraday, RMBS moved up almost 11%. Strong stock, big move. Drawing no conclusions. Prudential strategist on WSW this evening. Sees flat earnings for next year. Likes bonds. Sees possible short term strength. More worried two months or so out. Worried about what may happen to consumer confidence and things like that that haven't yet affected the numbers. Sees two more rate cuts definite. Thinks Fed and Gov. will do what they have to to try and stave off recession. Cut taxes, fund the IMF, etc. Is scared, cautious, but not bearish. Low rates and inflation are good for stocks. Liz Ann Saunders says they weren't good for stocks in 1929. It's a delicate balance he says. Doesn't see meaningful upside till 2H99 or later. Getting a little hazy in memory. But that's it anyway... BTW LAS very nice and smart...don't know why my mother didn't like Louis R. Maybe it was his wig (hair?) wily

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