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

To: mishedlo who wrote (47268)	7/15/2000 11:53:55 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 93625

misheldo, stock have been "manipulated" before for various reasons. I have seen stock double in a short time when it was desired to give an outgoing management a market in which to dump their stock, and then the stock falling back to earth. I have seen "forced conversion" of various securities etc. However, it is feasible only within the ongoing trend, it is very difficult to "manage" a trend change" without having the fundamental change (unless of cours it is a very thinly traded stock, then, everything is possible). As for RMBS, I still have a red flag on it. Friday's action after the opening high on light volume, was "distributed all day as the NAZ advanced, RMBS was not able to get above the $105 area. Any market weakness next week could bring it back down the the low $90 or so, IMHO. As for my "ultimate" target, i do not have such, who knws, RMBS may come up with additional technology getting them a lock on the whole semi field (g). In any event, right now I think that a "fair" value is around $100 and as usual, the stock can and probably will go to over valuation as well as to deep discounts to fiar valuation. Because my general view on the market for the next six months is positive (not next week, however), I think that my target of $165 or so is still "valid". Short term, I think we may retest the low $90 before we go on another binge. If we do not hold the $86 area, then we still have some gap closing business. If you have no RMBS at all, you may want to get some around $95 or on a break above $115. Zeev