Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 91.18

-4.3%

3:59 PM EST

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To: jmanvegas who wrote (20616)	5/22/1999 3:32:00 PM
From: jmanvegas	of 93625

It's the interest rates that will determine whether the market continues to rise or have a much more severe correction. It's that simple. IMHO, the market should have tanked last week but it didn't. And RMBS should have tanked as well with the shaky tech stocks. It didn't. Something is up. Somebody knows something. There is serious accumulation going on here. And who really gives a damn about whether RMBS trades down $10 lower than here. Big deal. Again if interest rates really spike up from here or if INTC, out of the blue, announces some negative news concerning RDRAM, then we should be concerned. I recommend continued buying on any strong down days. And that may not even happen. Probably only mild down days. We are going to fill the gap left in the high 90's and we will test our old highs of $109 sooner than anyone thinks. IMO, I believe the reverse is going to happen this year versus last year. I think the techs will have one helluva rally into and possibly through the summer and correct significantly in the fall. Any further weakness in quality tech stocks are a buying opportunity. Now everyday on CNBC I hear all the cyclical and value guys coming out of the woodwork and on TV stating that the high quality tech stocks have had their day. Nonsense. These fund managers are so pissed off and so are their mutual fund clients who missed the boat that now that some of the crap they've owned is starting to come to life they come on TV constantly trying to justify that anyone who owns high quality tech stocks should get rid of them and buy some friggin stock I've never ever heard about. There's a real revolution going on here in tech land. You just have to sift through all the garbage and find the companies that are doing it or are going to do it. I'm extremely glad to see some of the other stocks catch up. It's healthy to spread the wealth. But don't tell me to dump tech stocks whose growth rates haven't really diminished or whose story hasn't even played out like RMBS. And by the way - these value guys keep saying that they are looking at value mid-cap tech stocks to purchase. Well - what do you think RMBS is - it's not some $150 billion market cap kind of company. So value and cyclical guys and girls - we welcome all of you to climb aboard the RMBS train. If not - don't complain you missed another boat. Good luck to all longs. Shorts - please continue to sell - see if I'm or anyone familiar with the RMBS story is really losing sleep over the fact that RMBS may go back into the 70's or even 60's. Please shorts, I love the merry-go-round but I guarantee that the shorts will be forced off and the longs will merrily ride this freight train all the way to the bank. "And Stone-Cold Steve Austin says so. And that's the bottom line." jmanvegas

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