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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (25113)4/9/1999 10:04:00 AM
From: Al Serrao  Read Replies (1) of 50167
 
Uncle, I have told you about RMBS before. This company should be watched closely. Please have your people do their DD. Earlier this year the company announced the earnings would be flat for the next two quarters. Later in the year they will begin to ramp up their earnings as the adoption of the RMBS memory standard becomes universal. This is the standard adopted by INTC and will increase the speed of memory by a factor of 10. The shorts have been very active and have driven the stock down from 109 to 61. They have tried everything but have unable to bust 60. If we can stay above 75 ( for two days, something I learn from smart Uncle ), I believe we will have broken the downtrend line and should have a least a one banger from here over next 12 months. I expect a 10 banger over the next 3-5 years for those who have vision and can invest. Best regards.

P.S. OT,I even have this in John's and Adrienne's college account.
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