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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: AllansAlias who wrote (87868)3/30/2001 9:50:39 AM
From: Earlie  Read Replies (1) of 436258
 
Allan:

Lots of sellers on MU this a.m. and there should be. Numbers were simply awful and of course they lied in their commentary last week.

Memory prices had a small hiccup upward last week, but are heading lower again. Everybody has huge inventories and that is a global phenomenon.

I am adding to the "core position" this a.m. if I can get a decent price. This is one of the best "tulips" in the whole tech sector. It is highly likely that the buried funds will try to hold it up for quarter end, but after that, someone is going to head for the exits and it will be one big "whoosh", to use your expression. The numbers are simply too bad to ignore now and the balance sheet degradation will put pressure on the more discerning to be gone.

I will comment further and in more detail once the 10Q is available. I can hardly wait. (g)

Best, Earlie
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