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

To: jim kelley who wrote (41307)	5/3/2000 7:26:00 PM
From: Zeev Hed	Read Replies (4) \| Respond to of 93625

Everything you say sounds rational, except your assertion that there is no bear market. Where have you been in the last three months? The DOW first dropped to below 10,000 in March, the Naz followed with a tailspin to a 30% plus decline from its top , we failed to go back above 3900 and hold there (for at least a short term P&F bullish trend), and you tell me we are not in a bear market? In a bear market all valuations are brought down, the price of $122 intrinsically assumes that within a short foreseeable (like 4 to 5 years) future RMBS will bring to the bottom line some $10/share, I am not sure that this assumption is numerically correct. The trend might be, but for a bear market, RMBS is overvalued, IMHO at $200. Zeev