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Technology Stocks : Micron Only Forum
MU 226.65-3.2%Dec 4 3:59 PM EST
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To: Knighty Tin who wrote (2475)9/18/1996 9:37:00 PM
From: Mark Jackson   of 53903
 
Mike, I know that you are not a fan of technical analysis, but sometimes it doesn't hurt to get some perspective. I suggest that you use the charting module of SI and look at a normalized 100 week comparison of MU, VLSI, and CRUS. In my opinion, they appear very similar. Micron has not fared that badly in comparison. So I think that much of the (MU specific) insight on this thread is somewhat irrelevant. i.e. the problems are industry cycle problems, not "Micron only" problems. If I were a bear, "investing" with borrowed money, I would be more than a little nervous. As for me, I plan to buy low and sell high. In fact, I am keeping some cash available to buy some more MU if it goes anywhere close to where you have predicted. $6 a share...right?
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