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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 94.82+2.7%Nov 26 3:59 PM EST
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To: unclewest who wrote (17456)3/18/1999 8:30:00 PM
From: jmanvegas  Read Replies (1) of 93625
 
Hi Unclewest:

Long-term - no problem. But over the next couple of months, I believe RMBS is dead money. It may bounce up somewhat if the market continues to rally but if you're following the techs, I would be very surprised if you thought the techs offered compelling value in here at this time. Now RMBS is a lagging stock, next year it should be a leading stock. So one can easily time one's purchases. The RMBS chart indicates tremendous overhead resistance and it's going to take some doing to get through that resistance. With all the wonderful fundamental news, RMBS is trading in the low-mid 70's. So it tells me the money flows are not there right now. There are other wonderful opportunities besides RMBS and I could name companies that are more compelling and have even brighter futures than RMBS. So it's a matter of money management and maximizing one's returns. The returns for RMBS shareholders over the last two months have been dismal. I know your passionate about RMBS and you have every right to be considering the long-term positive fundamental outlook. But you haven't made a dime on your RMBS position since the Edelstone downgrade. The money that I had tied up in RMBS has been placed into other tech and biotech stocks that have returned 30%- 50% returns over the past few weeks. In 6 months - one year from now you'll probably be right. But over the near term, I think you're wrong. Nothing personal. Good luck to you.

jmanvegas
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