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


To: Don Green who wrote (35798)12/13/1999 11:50:00 PM
From: Jdaasoc  Read Replies (1) | Respond to of 93625
 
Don:
BTW what is your outlook for the market in early Jan, rally with new money in-flows and Y2K is behind us or sell-off people cashing out profits..?

people cashing out profits on the NAZ. They will not have to pay tax on profits for a year. 11 of 13 market sectors are selling off currently. I expect a reverse rotation out of techs into something else. I can't see the Drug stocks continue to sell off like they have been doing recently. I am willing to bet that another sector to be favored is money center banks, insurance and other financials.

I am in wait and see situation with RMBS. A close over 75 is what I am looking for before acting plus some movement by Intel to reestablish conditions favorable to sales of RDRAM solutions. Currently, the former may occur before Jan 1 but RMBS will not hold is price if we have January selloff, the latter event may occur sometime in late January if we are lucky and I mean if we are lucky.

john