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


To: MulhollandDrive who wrote (7362)9/22/1998 7:26:00 PM
From: LLCoolG  Read Replies (2) | Respond to of 93625
 
You guys are all cracking me up. Not even a week ago, MileHigh was saying how he was out, may be shorting, and how all the news was already in the stock price, because some Kreskin was decreasing far future earnings estimates. "How could Houses reiterate a buy when they decrease estimates?" "This stock will be trading much more like a normal stock because it has based near 50 and not moved dramatically with the market recently."

Now people are bashing Don Green because he felt the stock was going downwards from 50, because he felt the stock would move with the market. Now everyone is boasting 65 and 70, and higher after the news.

I took 61.875 today near the close. Let's not be myopic. And let's get over ourselves--this is still a momentum stock, and should be played as such. Holding long term is fine, but before everyone starts becoming delusional, take a break from yourselves. Don't you think a 12 point run in 14 trading hours is quite the run, especially when you all (except REH) thought that RMBS was getting tired out?

I'm out until the next pull back to 45-50. And I'll wait for you bandwagon jumpers to make the poor joke about how I'll get back in at 45-50 after 2-1 or 3-1 split next week.

Late,

G