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Politics : High Tolerance Plasticity
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To: kodiak_bull who started this subject12/17/2002 5:44:54 PM
From: energyplay   of 23153
 
Micron Revenue WAY DOWN -

From the Street.com -

Scott Reamer

MU blowup
12/17/02 05:22 PM ET

Wow, 680mm in revenue, the Street was around 800mm or so (780 to 820 range). Stock getting whacked aftermarket as are the QQQs. We'll see what the call has to hold but this magnitude of miss is simply remarkable. Should we get an especially aggressive sell off as a result in the AM, it might produce the very near term bottom that gives way to a year end rally. Stochastics are close to being very oversold so short positions demand tight stops and opportunistic profit taking. Should be an interesting open tomorrow.
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