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

To: im a survivor who wrote (72648)	5/12/2001 11:17:45 AM
From: jim kelley	Read Replies (1) \| Respond to of 93625

Another scurrilous opinion....even the judge oes not buy what that women was telling you. The fraud case was not criminal! It was based on "reliance" on Rambus "silence". In fact, ot is highly arguable that Rambus had any duty at all to speak about its incipient IP in any JEDEC meeting

To: im a survivor who wrote (72648)	5/13/2001 5:38:56 AM
From: Bilow	Read Replies (1) \| Respond to of 93625

Hi KG4; Re what you report your broker said about RMBS... I am not aware of any shareholder lawsuits or of any government investigation of Rambus, other than the FTC investigation that I earlier reported on this thread. #reply-15395912 Every now and then I repeat the following disclaimer stuff, now seems as good a time as any: I don't have an inside connection to any part of this stuff, except for one thing, and that is that a couple times per year I end up designing memory systems. Other than that, I talk to my engineering buddies, the sales reps that come around to tout their latest sh:t, and I read extensively about the Rambus case. You know, the problem with putting in a long term way out of the money buy order is that if it does execute, you are highly likely to end up with a bad price. I know I do it all the time, for instance I've got some AMD you can have for a bit under $40 per share, but the one time I got burned doing this it was in a situation similar to RMBS. The stock was BAMM, Books A Million. Here's the long term chart: finance.yahoo.com You can see the massive spike when they announced that they were going to start selling books on the internet. A friend insisted that she wanted to buy AMZN, but I told her that the fundamentals weren't so good, and that BAMM would be a cheaper substitute. This was around May 1999, and it had just had a break in the trendline and looked like it might go up. So she bought some shares at $8 per share. The stock broke down, and while my plan of action in that circumstance is to sell at the breakdown, her plan of action was to hold until it went back up. I had noticed that it tended to spike up, and then retreat, so I had her put in a GTC limit order to sell it at $9.75 per share. As you can see, in early June the stock hit $15 per share. The stock had good news before the open, and Schwab actually got her a better price than the $10 she asked for. It went out at $11.25, if I recall, but if I hadn't of had her put the limit order in, she'd likely have gotten more like $13 at least. Rambus' chart is running spikes to the downside. I think the proper way to play these is to buy into them when they turn. I really don't think that putting a limit order out there in the face of absolutely unknowable news is a good idea. If the news did get out that the FBI was going to haul these characters to jail (AFAIK they're not), the stock could possibly drop right through your limit order and never see that price again. It's just safer to buy after the bad news hits the market, rather than hanging out a limit order. -- Carl