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Technology Stocks : Micron Only Forum

MU 232.59

-2.1%

3:59 PM EST

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To: Grim Reaper who wrote (11057)	3/16/1997 7:23:00 PM
From: Bernie Diamond	of 53903

Grim, as a former bull speaking to a leading bull, I hate to burst your bubble, but my grim(pun intended) prediction is that after Monday, MU will start an extended decline that will make the entire tech sector tank, and may cause a significant decline in the entire market (10%+ correction?). This "irrational exhuberance" about MU is a bubble that will burst because it's only wishful thinking, hype, and momentum that's propelling MU these last few weeks. A careful analysis of this quarter's earnings report will, IMHO, bear this out. We will learn what the truth is shortly. I have no position in MU at this time. I believe better buying opportunities lie ahead! Good luck to bulls and bears alike. This thread is more fun than going to the race track. There are winners and losers and the race is never over.<gg> Bernie

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