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Technology Stocks : Micron Only Forum

MU 239.40

-0.4%

Dec 2 3:59 PM EST

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To: Thomas G. Busillo who wrote (30149)	3/20/1998 6:57:00 PM
From: Kerry Phineas	Read Replies (1) of 53903

TB, don't ask me why MU moves a particular way at some point during the day because I never have a clue. IMO this stock trades by the maxim of excessive optimism followed by a 2x4 to the head. Always. And similarly the shorts are always there: they never cover en masse because they always think things will soon get worse. So you have these pseudo short covering rallies fueled by overoptimism/touting and in the end I never have a clue whats happening re the stock price at a particular point in time. If the reality of MU's situation is as bad as I think it is, imo we have a slow burn coming, with the stock down to at least the teens, with a lot of noise along the way.

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