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


To: MileHigh who wrote (15741)2/18/1999 1:08:00 AM
From: jmanvegas  Respond to of 93625
 
MH:

Short-term you could be very right - I don't disagree. But the more bearish it gets out there and I'm seeing this on other threads, the more likelihood we're nearing an intermediate term bottom. I don't know when or at what price the DOW or NAZ will wind up before we turn upward but I don't see, at this moment, any fundamental change in the tech growth outlook, interest rate outlook, economic outlook, commodoty price outlook, etc. Rubin was on today via a press conference saying that the world economic problems have changed recently and the question is how to stimulate growth globally. Now if the Fed wants to tighten and take the whole world into a possibly prolonged recession, there would be some very unhappy voters and unemployed people out there changing the inhabitants of Washington D.C. As Clinton said - "it's the economy stupid."

If RMBS goes down again along with my other tech holdings, I'll have a drink along with you. Make that several drinks. Have a great evening.

jmanvegas