Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 87.04

-0.2%

12:56 PM EST

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To: jmanvegas who wrote (13766)	1/17/1999 2:40:00 PM
From: MulhollandDrive	Read Replies (2) of 93625

jmanvegas, With RMBS caution is always well advised, but frankly, the red flags of caution should be raised on the fundamentals, not the day to day price gyrations. I was raising concerns about selling some of my shares on the Edelstone downgrade and decided to wait until the earnings report. I thought we would see selling pressure if there was no split announcement or a positive (even if slight) earnings surprise. What came out of the blue was the management "re-iteration" of flat earnings projections. And that may well have been interpreted as another "nosebleed" warning. I was surprised at the strength of the stock in the face of that warning. So bottom line for me is that I think it will do some sideways trading near term, picking an exit and re-entry point here is next to impossible. The thread is littered with those trying to call bottoms and tops who have been consistently wrong. So it's back to hold, and buy the dips for me at this point. If you're concerned about price erosion of your paper profits, you might want to look at some of Ibexx' put/call strategies that she's posted. Good luck. bp

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