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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: unclewest who wrote (23765)	6/27/1999 1:11:00 PM
From: Robert Jacobs	Respond to of 93625

Averaging: If you believe in RMBS long term...and four to five years out a P/e of 30 x $20eps that could = a $600 stock price based on todays shares outstanding. If the stock is trading at $75 at that time accounting for 3 stock splits, then the difference between a $100 entry point and a $75 entry point at today's valutations would equate to $9.30 for the $75 stock and $12.50 for the $100. So in hindsight, the only material factor here is the market and RMBS business potential going forward. Timing by this example shows itself to be immaterial. While i have traded the stock, I have steadily built the core position to 7k shares with a 10k target. I did the same with MSFT in late 80's to significant reward. As my grandaddy said: "I've made more money with my rear end than any other part of my anatomy"