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Technology Stocks : Micron Only Forum

MU 241.14

-6.7%

Dec 12 9:30 AM EST

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To: srvhap who wrote (6015)	12/13/1996 12:08:00 AM
From: Rio Jangada	of 53903

To all: Amazing rise in MU in recent days, though still under 37. It must be the consequence of the promise of a good looking report. However, consider: MU has risen on hopes and wishes---that a rise in chip demand will bring a rise in prices and profits, that new technologies can transform the company, that the number in the 52 week high column is again attainable. We now know that the raging bull market has paused, at the least. Under these conditions hopes and wishes won't sustain MU. The report will reveal a lack of profits. IMHO the unprecedented efforts to prop this stock up simply reflects a calculated and desparate effort to set up an attempt to raise desparately needed cash. When it fails it will fail big. Only MUEI will keep it afloat. Tech stocks tumbled after the market closed (see the Oracle thread). We can all watch, profit and learn from MU's decline in coming weeks. RJ

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