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

To: jmanvegas who wrote (14367)	1/27/1999 6:24:00 PM
From: Mkilloran	Read Replies (1) \| Respond to of 93625

jmanvegas.....RMBS time will come later in 1999 #reply-7496898 BRCM closed up $15 to $145 traded as high as $157 today.....

To: jmanvegas who wrote (14367)	1/27/1999 6:30:00 PM
From: sam	Read Replies (1) \| Respond to of 93625

From what I can tell the story is the same for RMBS -- its just that the sentiment changed when the numbers came out. And because of that, some damage was done to the stock (as opposed to the company). Instead, of marching back up north of 110, RMBS got stuck at about 90. Remember, Edelstone's price target for RMBS is 110 (if I'm not mistaken), so 90 is a reasonable price (for the time being). That said, market weakness will attract a lot of short sellers to the "story" stocks -- and RMBS is a story stock. They'll keep on chipping away. So be very, very careful with you margin positions. But at some point we will see that press release about RDRAM being produced in volume -- and that'll put an end to the weakness. JMO