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

To: Gary Wisdom who wrote (6978)	9/5/1998 12:07:00 AM
From: MileHigh	Respond to of 93625

Gary, I agree. I have posted on the AMAT thread some thoughts about the liquidity factor in this market. I still believe that this great bull is not dead as more and more money will pour in over the coming years from peoples 401K's. I know this is not a new concept, but it is one not to forget. The minute individuals feel comfortable that the worst is over, BAM! You will get a huge move. This is why I tend not to be a market timer, if anything I am buying more! Good day Mate! MileHigh

To: Gary Wisdom who wrote (6978)	9/5/1998 2:26:00 PM
From: jopawa	Read Replies (1) \| Respond to of 93625

Gary, Next week is crucial to this market. As we both know, the long term health of the market is always based in the reality of the economy and earnings. Unfortunately nobody knows what the future holds. Short term we are driven by emotions, either on the up side or the down. Emotions will play a great deal next week as many people new to this market in the last 5-6 years are for the first time looking at a 25-40% loss since April. If next week has more in store for us on the downside people will be taking more aggressive actions to safeguard their portfolios. Don't for a minute believe the mantra put out by the media ,and repeated ad nauseum by small investors, that " I'm in it for the long term". Most of these people have never felt the pain of a brutal market. Most weren't even in during '87. I am neither bull nor bear, I'm just a skeptic! I agree 100% with you that we always in the short term overshoot on both the upside and the downside. I just remains to be seen what will happen. The one thing that you are dead wrong about is this "everyone is back" next week stuff. Give me a break. I heard that for two weeks now, that all the pros are on holiday so the rookies are screwing everything up. Do you really believe that anybody on holiday who manages money, was sipping Pina Coladas oblivious to what was happening? No chance! They were actively participating in their funds, if just from a different location. We'll see what happens. Incidentally, Rambus was tough at the end, no real sellers to speak of. Certainly the kind of stock that will do well in the next up move. John