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

To: jopawa who wrote (13482)	1/14/1999 9:31:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 93625

A similar story that might shed some light. In December, I had the unfortunate luck to buy Ciena before earnings. They came out with their earnings and beat by a penny. However, they warned that business would be flat in the ensuing quarter. As most of you know, this stock is not $98, but has come down from $92 (way overvalued) to $19 before earnings. In the weeks after this report, they went all the way down to $12, a 37% haircut after they beat earnings. Again, on a $19 stock, not $98. Of course, a month later, they are $19 again (on rumors of course). Moral of the story: the market takes no prisoners. Rambus will get hit hard and stay there for a little while. But, in the end, it'll be back right up there where it was today as it is a great story. Tread lightly. Those with much more money than us control the stock right now. Good luck.