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

To: Zeev Hed who wrote (41078)	5/4/2000 12:15:00 AM
From: Bilow	Read Replies (2) \| Respond to of 93625

Hi Zeev Hed; The post I'm linking to here has you buying RMBS at $188 for an intraday $12 profit, and again at $199.50 for another $10. Not bad trading. Then, a few days later, you may have bought at around $208 or so, and could surely have made a profit on that trade as well. In short, (grin), I think your turnips are doing a lot better than 60%, and I don't think that anyone has cause to suggest that your turnips are now failing you. Maybe that 60% means the return on total equity per month... In any case, the people who will lose their privates on this stock are the mom and pop buy and hold types that hang onto losers forever, not the traders who stop their losses small. Anyway, I don't generally comment on short term stock moves in RMBS, but I have to say that it looked very positive to me today, relative to what the market as a whole did, taking into account the naturally high beta that a high multiple stock like RMBS trades at. I would have to guess that now was a good time for short term traders to pick up RMBS. It was a big volume day, the market as a whole tanked, but RMBS didn't close anywhere near its low. These say "buy" to me as a trader. (The technology, on the other hand, is still quite dead, as it has been ever since the majority of memory design engineers quit using it for new designs last October. Eventually this will be fully reflected in the stock price, but not likely during the next few weeks.) The DDR supporters are having a big meeting on May 18th, they will probably report new chipsets and benchmarks at that time, plus generally get as much press attention as possible. In addition, the Fed may mess with interest rates on the 16th, but I would bet that RMBS should be higher a week from now than it is now. Stop loss at today's low or even higher, and sell on May 10th. -- Carl