it's obvious that azurik is very pro rambus, but you have to admit he knows what he is talking about. last night was the first time he told the board to buy. he's never stated this before. i was too chicken seeing this whipsaw so much, but he gave us 2 hours notice before the stock jumped 50%. even if you don't like the stock you could of traded overnight for a big gain.
Yes, I agree. Whether you like or dislike "RMBS" as a stock, you must admit Azurik knows his stuff.
- Jan 23, 2002
- 2,206
- 12
- 81
Too late to trade or too late for a long term position?
It's still fighting resistance at $9.50 like I previously said. After that, there really isn't any major resistance until the $18's.
There's a case management conference today (the first of three) with Judge Kramer in California. If the trial stays intact in April, there's just going to be too much positive momentum to not retest the January highs. A positive verdict in that court, along with what we know will be a certification of the RMBS vs Hynix case in Rambus' favor will easily make this stock hit the $40's.
A similiar thing happened in early 2006. The stock was around $10, and it shot up to $46 in a matter of months.
So again, it depends on the conferences. Rambus is holding a special conference call after the market closes today to discuss recent events, maybe they will talk about this before I get the news myself. It is obvious the street pays attention to this stock, they just want validation that the court wins will translate into money and yesterday was a big step towards that. The implications of the Hynix verdict yesterday is huge.
I'd be thrilled if RMBS holds above $9 today, and would be absolutely estatic if it breaks through $9.50 and holds this resistance.
masterxfob
Diamond Member
- May 20, 2001
- 7,366
- 5
- 81
today may be the day i get on the wagon. up until the delaware ruling, this stock was up close to $20. seeing as things seem to be going in favor of rambus, it looks like this stock is heading back to that level.
...until they lose the next court ruling and the stock tumbles again.
It's easy to be optimistic when a stock jumps 40% in a day just as it's easy to crap on it when it tumbles the next.
As Azurik keeps saying, do your due diligence.
I love reading stock message boards because it is bluntly obvious by the content of people's posts when the market is up and when it is down.
- Jan 23, 2002
- 2,206
- 12
- 81
Too busy right now, but wanted to post an update to the board. The AT case management conference wrapped up not too long ago. There's also word on the street that Rambus is going to South Korea next week (March 4th) with Daniel Weinstein. Daniel is a retired federal judge and a well-known mediator.
Going to South Korea means they are meeting Hynix's big kahunas. Outside of that, make your own conclusions. It's possible a settlement is in the works.
Going to South Korea means they are meeting Hynix's big kahunas. Outside of that, make your own conclusions. It's possible a settlement is in the works.
Wow, the entire health care sector took a dump today.
GILD down -4.99%
JNJ down -2.82%
TEVA down -1.66%
ESRX down -8.13%
COV down -5.72%
This is clearly my worst day of the year. Entire portfolio down -3.92%.
It's a good thing I completely ignored health insurance companies. With the government cutting re-imbursements every year, I see little to no hope for them.
Besides, I don't even consider them to be health care companies at all. If anyone does, then I'm pretty sure such a person would consider Berkshire Hathaway to be an automobile company.
I consider all insurance companies to be financial. Whether you're doing health, life, car, or horses it's all still the same boat.
GILD down -4.99%
JNJ down -2.82%
TEVA down -1.66%
ESRX down -8.13%
COV down -5.72%
This is clearly my worst day of the year. Entire portfolio down -3.92%.
It's a good thing I completely ignored health insurance companies. With the government cutting re-imbursements every year, I see little to no hope for them.
Besides, I don't even consider them to be health care companies at all. If anyone does, then I'm pretty sure such a person would consider Berkshire Hathaway to be an automobile company.
I consider all insurance companies to be financial. Whether you're doing health, life, car, or horses it's all still the same boat.
Looks like GE cuts dividends:
The big news yesterday was the dividend cut from on of the most prominent dividend aristocrats ? General Electric (GE). The company lowered its quarterly payment to $0.10 from $0.31/share for the first time since 1938 in an effort to save 9 billion dollars annually and maintain its AAA rating.
The big news yesterday was the dividend cut from on of the most prominent dividend aristocrats ? General Electric (GE). The company lowered its quarterly payment to $0.10 from $0.31/share for the first time since 1938 in an effort to save 9 billion dollars annually and maintain its AAA rating.
masterxfob
Diamond Member
- May 20, 2001
- 7,366
- 5
- 81
ponyo
Lifer
- Feb 14, 2002
- 19,688
- 2,811
- 126
They announced the dividend cut last week. Like that was a surprise to anyone. Everyone knew they had to cut the dividend. What was surprising was how long it took and the repeated denial by the CEO and the management that they weren't going to cut the dividend. They announce the dividend then cut it weeks later. Is the management of GE that stupid that they don't really know what's going in the world and their business? Or do they think investors are stupid? Either case, management has pretty much lost what little credibility it had with the investment community.
I'm patiently waiting at my buy point. We're getting closer with the market beginning to hit some of the safer havens like the drugs but we're still ways off. I don't feel the fear and angst that was over the market like the last time the market was at the similar level. VIX is about half it was then. People are complacent and bored and unless we get the scary swoosh down to clean out some people, expect continued bleeding.
Many people suspected they would cut but the question was when.
Some people where expecting a sharp dividend cut(80-85%) immediately after they lose their AAA+ rating. I was in that category.
Others expected they would cut first, which would then lead to their AAA+ rating being cut.
It wasn't really a matter of "if" but a matter of "when".
I'm shocked they only cut the dividend by 66%. Just cut the damn thing once and for all to save cash.
Don't do like Citigroup and cut your dividend 4 times in 12 months when you could have save billions by only cutting it once.
Engineer
Elite Member
- Oct 9, 1999
- 39,230
- 701
- 126
Well boys and girls, this ole boy is about to call it quits. After one bad investment choice in 2007 and another bad choice to buy and hold on my retirement accounts (401k and Roth) and losing over 66% of my value in 18 months, I'm about to just give up. It's getting to the point that I can't sleep and feeling like all the hard work and savings that I've had throughout the years would have been better off just buying stuff and wasting my money. At least I would have something to show for it.
Millions of people who were duped into buy and hold for 401k plans, etc. are feeling just what I feel right now....and I'm just worn out.
Depression isn't just a state of the economy.....
Millions of people who were duped into buy and hold for 401k plans, etc. are feeling just what I feel right now....and I'm just worn out.
Depression isn't just a state of the economy.....
- Jan 23, 2002
- 2,206
- 12
- 81
Understand the sentiment, Engineer. It's been a tough decade for the markets. Although, if you still have time left, this wouldn't really be a good time to get out of the markets. They have suffered like this before (extended sideway action), but the mantra of being consistent and averaging in still holds true, although the current market is very discouraging of this.
TRENDING THREADS
-
Discussion Zen 5 Speculation (EPYC Turin and Strix Point/Granite Ridge - Ryzen 9000)- Started by DisEnchantment
- Replies: 25K
-
Discussion Intel Meteor, Arrow, Lunar & Panther Lakes + WCL Discussion Threads
- Started by Tigerick
- Replies: 23K
-
Discussion Intel current and future Lakes & Rapids thread- Started by TheF34RChannel
- Replies: 23K
-
-
Facebook
Twitter