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

To: multicollinearity who wrote (38338)	3/18/2000 4:22:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 93625

Multicol, I am pleased to welcome you to SI, but am sorry that it is due to a slight misunderstanding. My opinion on different companies is something that changes with time, circumstances and price. On February 14th I posted quite clearly my bullish sentiment then on RMBS and later, in response to a query, suggested even that long termers could very well see $500 on RMBS within 18 months to two years. Well, 4 weeks is within two years all right. I am surprised you did not join SI last February to complain that my positive postings are "self serving" in order to drive the stock to my target of $500. These were as "self serving" then as are my recent postings suggesting a possible retrenchment to $330 and possibly lower. I am not seeking to be "consistent" in my opinion on RMBS or any other stock, or in other words, I refuse to fall in love or in hate with a stock. I am seeking to try and determine if the wind, or trend is changing and what is the trend at any given point in time. If you could assure me that RMBS is going to be consistent and from here on we will get the same 5 bagger (namely 2000) that we got in the last six weeks or so, even if your assurances were to extend to a time horizon of six months rather than six weeks, then I would consider staying "consistently bullish". Unfortunately, I doubt you can provide such assurances, so I am left with reading the turnips on a daily basis and try to fathom what might be the next move in this stock. If at all, I am quite consistent, since once RMBS reached my target of near $500 (and $471 is close enough), a consistent approach would be to say, target reached take chips off the table. Actually, last year, when we polled the thread for this year high, my target was only $222, so I should have gotten out there (and I did, but got back in when I was proven wrong, which happens quite often). $471 might the high of this year and it might not. I can see a scenario where RMBS goes all the way to $650 or so before year end (particularly if we break with volume above about $430). But, I can see equally clear a scenario where we first consolidate the mammoth gains we had (thus my target of $330 and maybe even lower if the FUD intensifies, or if the PSII MC problems proves to be endemic, or if INTC gives signals of less than perfect support etc. or if we suddenly discover with a million Dell's in the field a problem similar to the one Dell just uncovered with 400,000 laptops and who knows what contingencies not mentioned here). Right now, I "see" nothing more severe than a mild consolidation (30% retrenchment is a mild consolidation), but if you have been following this thread, you know that turnips reserve the right to be wrong, change their mind and change their mind often. Welcome aboard, and enjoy the ride and do not read too many conspiracies in my postings. Zeev