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

To: Don Green who wrote (15727)	2/18/1999 1:46:00 AM
From: Dave B	Respond to of 93625

Don, I think we had part of this discussion before when we were discussing why you'd want to lock in profits before the end of the year. I agree with you that for investors who get measured on quarterly performance and need to show constant growth, Rambus may not be the right investment yet. No problem with that concept at all. On the other hand, haven't we complained that there's no float on this stock because it's being locked up by the institutions? (At least before the Q1 report. It may be different now; I guess we'll find out as more reports come out). But for those of us who don't have to report constant growth, I also have no problem not trying to time the market and, instead, averaging in regularly over time "knowing" that at some point this will be a very successful investment. Rambus was up 110% last year; it'll probably do okay this year. Just so you understand my mindset, 3 years ago (just before I turned 40) I put together a 20 year plan to reach a very lucrative retirement level. Turned out I needed to grow my net worth at a rate of about 17% per year to get there. So after 3 years, I'm 7 years into the 20 year plan (averaging just over 40% per year so far). I can be patient -- I'm not looking to finish the last 13 years in this quarter. But I wouldn't mind getting there in the next 4-6 years. This is one company that I've decided can help me do that. I just think we have orthogonal goals. Good luck in reaching yours. Dave B