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

To: Richard Habib who wrote (24935)	7/16/1999 4:38:00 PM
From: MileHigh	Read Replies (3) \| Respond to of 93625

Rich, Agreed, I have quadrupled my IRA account since 12/97 and I do trade in and out quite a bit, ask bp about my itchy trigger finger! <gg> MileHigh

To: Richard Habib who wrote (24935)	7/16/1999 5:29:00 PM
From: TST	Read Replies (3) \| Respond to of 93625

Richard, well done. You are very smart to have accomplished such returns. I would bet most traders fair far far worse. Keep this thought in mind. If Rambus does what many of us think it might & her share price goes up to between $500.00 & $1500.00 per share by 2003, then one will have secured a return of between 100% & several 100's% return a year from now until 2003. It isn't nearly as exciting as working 10 hours a day at trading but in the end pretty rewarding.

To: Richard Habib who wrote (24935)	7/16/1999 5:58:00 PM
From: Dave B	Read Replies (1) \| Respond to of 93625

Rich, Great numbers! However, just for some perspective, here's how you would have done if you had just held the 4 leading blue-chip high-tech stocks during 1998: Dell 248.5% Cisco 149.7% Microsoft 74.4% Intel 68.8% and most importantly... Rambus 110.4% Putting 1/4 of your money in each of the first four would have netted you a 135.4% return for 1998. Not quite as high as your 168%, but you'd have had 10 more free hours per day (it would have been a year-long vacation! <VBG>). Dave p.s. I think there's a genetic difference between traders and buyers-and-holders. I'm not sure which chromosome it's on, but I know it's there.

To: Richard Habib who wrote (24935)	7/17/1999 11:28:00 PM
From: JH	Read Replies (1) \| Respond to of 93625

<I'm about 80% cash right now with 110% gain, last year 168%, since 94 average 70% per year. Making money at these above average rates requires work, about 10 hrs a day> Richard, I concur with your philosophy. Like yourself, I spend a considerable amount of time "working". In my case, my "work" hours are typically from PM8:30 to AM3:00 (HK time). During the daytime, I spend an additional 2 - 4 hours conducting research in preparation for making my trading decisions. In October 1998, I started a "fund" composed of US equities and options. Since inception, it's +178%. YTD, it's +77%. Since most of my positions are in options (which were liquidated last Friday) I'm about 70% cash at this time. I will be on vacation for the next few weeks, so I am content to sit on my earnings until I return. Guess those of us who outperform simple "buy and hold" strategies through active management will continue to believe in our own work philosophy.