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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: jjkirk who wrote (4035)	8/23/2000 9:58:31 PM
From: mishedlo	Read Replies (1) \| Respond to of 13572

<<Right now my feelings about the BU$$ have been reasonably accurate. Should we be locking in gains now @ 89 or riding out this "dip"?....jj >> Wow - damn good question. Sorry for delay - I was out all day. I am building a new house and needed to be there. The BU$$ seldom rises more than three days in a row. Perhaps it was time for a small pullback. We need to evaluate I believe. What is your timeframe. I am tired of doing all this trading to shave a few points, although I have been reasonably successful. I decided I can never compete with the likes of ZEEV. Now - I still did not answer your question. I see some negatives. RMBS did not pull up with the broader market. Intel stated what we already knew and the market reacted as if this was some sort of big revaltion. RMBS usually drops after IDC. But is there more news out there from Rambus? If Rambus can not get a Major memory maker to sign, the BU$$ will likely drop. I still think there is good news coming. But when? To be honest I was expecting some new news at this conference. We have not seen anthing significant. If news drops off and stock continues to sink I will re-evaluate. RMBS likes to re-trace it's move by 50%. So if this is the start of a downtrend then 92-62=30. 92-15=77. This would put us back to the last breakout. One day is not enough to say the trend has changed. Hope this is enough to satisfy you.