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

To: Allen champ who wrote (15153)	2/5/1999 4:45:00 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 93625

Allen, I was worried about a February weakness in general, but with the recent intensity of the decline, I doubt it will last longer then the middle of next week, however, in the next four trading days, a lot of damage could be inflicted. If we break through the 5.375% to 5.4% on the long bond, I think that we could go down hard next week (Naz to about 2250 for a 10% correction altogether), but if the bond rallies from here, the naz probably has seen the worst. This is worth about $.02. As for RMBS, I still think that we have a good shot at seeing the mid to low 60', but what do I know? Zeev

To: Allen champ who wrote (15153)	2/5/1999 4:58:00 PM
From: jmanvegas	Respond to of 93625

Hi Alan: See a rebound sometime next week - the selling appeared orderly, MSFT & BRCM (both reported blow out earnings recently) turned up at the end of the day. LCOS/NBC deal reportedly in the works - could help by giving an actual cash value to a portal company, thereby, leading internet companies may consolidate in here while they find true valuations and support techs overall. I could see an additional 5% downside but difficult to pick near-term bottom in techs. Last time CSCO reported and only beat the street by .01c, the street took the stock out to the woodshed and beat it up for a few days before CSCO began its run to its recent highs. Same thing is happening now, I believe. As an aside, if the Fed raises rates at this time it will affect the entire world economy and definitely put Latin America in a worse recession and those Asian countries now coming out from the bottom would go back to the bottom. Would the Fed do that? Geenspan would be looking for a new job next year when his renewal comes up. Greenspan would do this because of financial asset prosperity??? - he'd be run out of Washington D.C, in my opinion. The bond market will naturally adjust interest rates higher as it is currently doing. The Fed should go on vacation for a couple of years and let the markets do their thing. jmanvegas just my .02c