Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 86.96

-3.6%

3:04 PM EST

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To: jmanvegas who wrote (15682)	2/17/1999 8:21:00 PM
From: jmanvegas	Read Replies (2) of 93625

I was watching Peter Canelo on CNBC state that he would like to see at least another 15% correction in the tech sector. I also noticed last week that on every financial show (CNBC, Moneyline, etc), the same analysts were appearing day after day pounding the table about a sizeable correction. It seems, in my opinionated mind, that the street has sent these bulldogs out, en masse, to scare people out of their positions and pick up shares on the cheap. And, no question, they've been very successful so far. With the margin requirements recently changing on high beta tech stocks, this appears to be a concerted and focused effort by the street to shake out the weak longs. Hang on for a bumpy ride - but I predict (and I reserve the right to change my prediction at any time because what the hell do I know) that we will see the DOW over 10,000 and NAZ near 2800 sometime this year. jmanvegas

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