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

To: Alan Hume who wrote (13758)	1/17/1999 12:12:00 PM
From: jmanvegas	Read Replies (1) \| Respond to of 93625

Hi Alan: I respect everyone's comments on this thread. That's why I'm here. I'm not a bear, just a cautious bull. I own RMBS in my retirement account and have large holdings in a number of well-known tech stocks. TA to me just tells a story of the fundamentals, greed, and fear just like a picture. So I look at the picture and I like it to correspond with the story so I can feel comfortable about a particular investment. Now RMBS' picture doesn't look too good right now. I fully understand all the potential wonderful news that's been posted. But's that is already priced into the stock. So I look at the tea leaves and I say to myself the following: 1) Edelstone speaks - gap down - breaks one trend line, doesn't penetrate that broken trend line the following 2 days 2) Management speaks with a forked tongue (they knew all along and they pull a stunt like that) - another gap down - breaks another trend line (stock could go back to 93-94 and still not penetrate to the upside this trend line which was just broken) - price breaks December low 3) INTC makes 500 million equity investment in MU 30 - 40 points ago for ramp up - INTC makes a killing whether MU produces RDRAM or other kinds of DRAM 4) RDRAM maybe gets pushed further out, possible downward earnings revisions coming for 4th quarter, 1999 and possibly 1st & 2nd quarters of 2000 - anybody's guess 5) Y2K forces companies to hold back purchases not only in the latter part of 1999 when the much higher-priced RDRAM machines are released, but maybe companies hold back purchases in the first 2 quarters of 2000. So I say to myself it is good to climb a wall of worry since I am still long RMBS in my retirement account. But the picture tells me a different story. jmanvegas P.S. If the above picture changes and that could happen suddenly in this market, I'll be back to buying my 1000 share blocks.