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


To: puborectalis who wrote (17909)3/27/1999 9:39:00 PM
From: MileHigh  Respond to of 93625
 
Just too much uncertainty out there now regarding RMBS. As we all know, the market hates uncertainty. There looks to be plenty of time to time an entry into RMBS, BWDIK, JMTC's.

MileHigh



To: puborectalis who wrote (17909)3/27/1999 10:21:00 PM
From: MileHigh  Read Replies (1) | Respond to of 93625
 
A little humor from Alan Abelson, this weeks Barron's. Humorous if you don't own the stocks <gg>

That this has been a two-tiered market for quite a spell, with the top tier running wild and the bottom tier (or should we say "tear") running down, is no secret. We've lamented many times and oft its bad breadth and thin leadership. The failure to invite so many deserving stocks to the party occasioned a sad little note to us from a broker in the boondocks describing its effects in quotidian terms.

Our rustic rep relates that he arose from his slumbers in his cozy farmhouse one recent morning, slipped on his copper bracelet made by Phelps Dodge (whose shares are down 29% from their 12-month high), gazed on the field groomed by his tractor, a product of Deere (off 40%), and fertilized by DuPont (off 33%).

For breakfast, he consumed toast (bread by Interstate Bakeries, off 38%) and coffee cake from Tasty Baking (off 49%), after which he fed his horses on grain processed by Archer-Daniels-Midland (off 32%).

He stopped for gas drilled by Schlumberger (off 31%) and sold at retail by Royal Dutch (off 13%), got stuck in traffic behind a Roadway (off 41%) truck, stared idly at a Boeing (off 38%) 747 above, drove past headquarters of Arrow International (off 40%), Dana Corp. (off 42%) and Sovereign Bank (off 44%), finally arriving, a little the worse for wear, at his job (the name of his employer, he insists, must remain a deep, dark secret, but the stock is off 20%).