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


To: Don Green who wrote (20880)5/26/1999 6:17:00 PM
From: unclewest  Read Replies (1) | Respond to of 93625
 
>>Again sorry to disagree, but that move you referenced had died recently and IBM was taking the Techs and the overall market down with it.<<

don,
i am sorry to disagree too. if you change that 5 day chart to a 30 day, you will see that ibm was up from 205 on 28 april to 246 0n 13 may. 41 points in 2 weeks. then it gave 1/2 back no doubt due to market pressure aka short term thinking aka profit taking. you have taught me to expect that. i just don't ever know if it will be after 1 point, 5 points or 40.
now ibm has recovered and is overall up some 35 points in less than one month. i wonder how many of the folks that sold on the way down bought yesterday so they could catch today's big run.
unclewest



To: Don Green who wrote (20880)5/26/1999 10:54:00 PM
From: jmanvegas  Read Replies (1) | Respond to of 93625
 
Don, you have such a short-term framework in your market analysis, that you sound like all the analysts on TV, one day its cyclicals, the next day is value, today we may have a bottom in tech. Instead of focusing on Friday and whether its going to do this or do that, why don't you and I make a bet, whatever you like within reason so as to make this a friendly bet, and I state that RMBS will be at least double what it is today = 100% return. I'd be ecstatic about that. Again, in 12 months I say RMBS will be $147/share or greater. I don't believe you personally could achieve that return on trading any one stock for a year. If you could, get a job on Wall Street, appear every third day on CNBC with your analysis and make a few million a year. You'll even be famous.

jmanvegas