Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: MileHigh who wrote (14404)	1/27/1999 9:14:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 93625

Milehigh, I am getting tired of explaining this to people that are hung up on trying to calculate stock prices based on a static figure like estimated earnings. STOCKS DO NOT TRADE ON STATIC P/Es. They trade on 2 factors only: 1. FUTURE earnings/growth, and more importantly 2. SUPPLY AND DEMAND All the idiots on the Amazon thread buying puts and losing all their money do not understand this. Rambus has a very very low float as insiders and major institutions (Fidelity) own most of the stock. When Rambus partners start cranking out chips, you will not be able to buy this stock for less than $200 per share. Sorry, but I've had this discussion all day on the Amazon thread. The price of the stock is up, not due to their stellar earnings, but due to the fact people want to own this stock. The same will hold for Rambus too. In the meantime, save some cash to buy some when those without patience sell it in a panic.