Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 101.61

+2.8%

Dec 5 9:30 AM EST

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To: Zeev Hed who wrote (17481)	3/20/1999 1:32:00 AM
From: jmanvegas	Read Replies (2) of 93625

Zeev: You are essentially agreeing with me although you see even lower prices than I do. All I was saying in my previous posts that RMBS over the next couple of months can be traded from the short side and I would look to short on bounces from today's close. I stated that RMBS is dead money right now and we are a few months away from where one can go long with confidence that momemtum has turned upward. I was only suggesting that one should be able to time their purchase of RMBS at lower prices if I'm correct. I'm just waiting for momemtum to turn decisively upward and for strong money flows again. I don't see that happening anytime in the near term. I was not suggesting that anyone abandon their long position even though I did. It's a matter of investment style. Instead of having a few hundred grand tied up in RMBS at this time, I decided to move the money into more compelling stocks and have been rewarded handsomely for my decision to do so. Not only do I agree with some of your macro-economic opinions, I believe in the possibility that things can go wrong with the RMBS story over the next few months such as delays by either INTC or RMBS. This is complicated technology and any hitches will not go over well with the street. The market knows better than any of us. With so much continued good fundamental news streaming out on a weekly basis I say to myself why is RMBS trading down in the low 70's and the stock feels like sh*t. Maybe, just maybe the market knows something that we don't. So I'll just sit back and wait for the big mo to change. If I'm wrong and RMBS suddenly turns upward and I have to buy back in the 80's or 90's, so be it but at least I'll buy back in when I feel the wind is at my back. I will say this once more as a long time investor and I hope management from RMBS is reading this. I did not appreciate at all the way last quarter's earnings warning was handled by RMBS' management. They should have warned earlier like most competent management teams do. Now they may all be engineers at RMBS and don't have the savvy as other tech company managements, but that was a bogus stunt. Now I'm sure management doesn't give a damn about me and my investment in their company. But if there are delays or other technical problems associated with the ramp-up, I'm not so confident that the RMBS management team will be so forthright in announcing such events if they occur. Now this is just my humble opinion but their previous actions speak louder than their words. I'm not at all questioning the technical attributes of RDRAM nor am I questioning the long-term story. But over the next few months I strongly believe there are better places to invest one's money. I believe that I'll be able to buy in at much better prices over the near term. I wish everyone a great weekend and good luck to all. jmanvegas

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