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


To: KM who wrote (6876)9/2/1998 12:36:00 PM
From: Don Green  Read Replies (1) | Respond to of 93625
 
>Bear market

I am not saying this is now a Bear market. The last Bear market ended in 1982.. What I am saying is a lot of technical damage was done over the last few weeks and the downward moves are always much quicker than the upward moves. This market has more downside to it, most likely in the next few days and or weeks.

Rambus could easily dip to the $30's again in the coming weeks. Why, because of it's HIGH P/E.. Yes the potential is there and that is why there is a high P/E but until the promise turns into fact be careful.

Presently flat on Rambus looking for a buy under $45..

Regards
Don