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

To: Dave B who wrote (46710)	7/7/2000 3:23:42 PM
From: visionthing	Respond to of 93625

Re: SSB call (from Clearstation) 'kensey' said: horrible day for chip stocks. so reducing exposure. the reason for chip weakness is pervasive SSB downgrades throughout the sector. at least that was the reason this morning. feeling here was that participants would step up to the plate in the afternoon session. but that is not happening as the selling refuses to abate and buyers are absent. and the naz is down over 100 points. retaining Micron (MU) and in fact bought some just a bit ago. MU is viewed as a special case due to the supply/demand imbalance for SDRAM. retaining TQNT. down 10 seems a bit of a bath water toss. retaining RMBS. of course. but losing MXIM, ISSI, ALSC, ALTR, AMD, XLNX. why so many corrolated plays were on the list in the first place is anybody's guess. these stocks will be placed on the watchlist for monitoring purposes. but standing aside for now. i believe it was friday i saw Paul Wick on CNBC recommending selling BRCM, BRCD and JNPR in favor of buying IDTI and the like. i wonder if he is snapping up IDTI here now down 10? Lack of consensus by the analysts and investment professionals on chips getting rather old. Perhaps SSB wants to load up on the sector at cheaper prices before earnings season? nahhhhh. that couldn't be it. VT