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

To: cellhigh who wrote (39949)	4/15/2000 10:05:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 93625

No, I do not think it is just "margins", it the absence of bids due to a major change in valuation standards (call it "sentiment" if you like). What surprises me, however, is that the excess liquidity we are supposed to have (and I think is still "sloshing around") has not found its way into equities to stop this decline. We'll have to wait until the last super bull throw in the towel. Maybe if Abby reduces stock exposure to 50%, or if Ruckeyser's elf turn to 8 negative and 2 neutral, we will really have a bottom. Many other stocks I have been following have already dropped under their recent "breakouts", so there is no intrinsic reason RMBS will not, but if we are going to have a replay of 1987, by Tuesday morning we should have at least a temporary stabilization. as for an entry price, RMBS dropped $46 last Friday, and if Monday will be worst than yesterday, it may go through $117 like through butter. Unfortunately, I don't know if that will or will not happen, so I will leave that GTC in and take my lickings and step aside if it continues down. Maybe I can jump back in sometimes Tuesday in the high $60? I really do not know, rationalism is not exactly the hallmark of a panicky market.