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Technology Stocks : Micron Only Forum
MU 237.16+4.6%Dec 5 9:30 AM EST

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To: Amjad who wrote (31227)3/26/1998 11:26:00 AM
From: Amjad  Read Replies (1) of 53903
 
DaveG, Any idea why MU rises when DJIA goes down?
I would think this should not happen particularly when bears are covering short positions!, I just covered at 29 b/c I expect MU to climb up to 29.5 again as market slides.
PS: I lost money back when WDC had problems similar to MU's, the darn thing has not recovered since, and I doubt it will soon. Hearing the exact arguments, why should one be that optimistic now. I do not think that fund managers would buy a stock that may recover in a couple of year. I totally agree with you that MU is a good company in a bad sector, but I hope you agree that there seems to be now recovery within sight.
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