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

To: MileHigh who wrote (12307)	1/4/1999 2:00:00 PM
From: MulhollandDrive	Respond to of 93625

Mile, LOL, that was indeed a joke, I just want to be at the top of the list. But seriously, I don't really believe in "price targets" because essentially your trying to call a "top" or at the minimum set a "value" on a particular stock at a particular time. Valuations and tops tend to be moving targets with way too many variables involved. I just take the attitude of going with the flow, as long as my stocks are rising, I have no reason to jump off. If I were trading a stock, I would probably use a percentage as a gauge to "time" an exit. I see no reason to let a gain become a loss, so if you timed your entry at a good level, I would say if the stock retraced 20% off it's high, I'd consider selling, that usually coincides with the 50 DMA so you would also have that bearish indicator. My attitude is that I would rather let the stock do it's thing on the upside and use retracements to add as long as the fundamentals are still intact. There were very few on this thread predicting RMBS would break 100 in 98. I think Starpopper had it the closest, but even he didn't hold to his conviction and dumped his shares. I have literally no idea where RMBS will be at the close of 99, but for now, the revenue streams seem to be set to start kicking in from all directions, so while it's fun to guess, most of the time stocks have a way of proving everyone wrong, both on the upside and down. bp