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Technology Stocks : Micron Only Forum
MU 397.59+2.2%3:59 PM EST
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To: Skeeter Bug who wrote (46362)6/16/1999 2:18:00 PM
From: Zeev Hed  Read Replies (1) of 53903
 
Skeeter, another upgrade for MU today, and now they are waving the $100/share flag within 18 months. The "insane scenario" I painted here last month is slowly unfolding. Maybe it was insane, but not insane enough when you look at the incentive both MU and the street have in seeing these bonds converted. $87 here we come? Maybe the "scenario" was cynical, but so is the street and quite a number of analysts. Just remember Vinik's pronouncements when MU was last above $80 and he was selling into his own hype.

Zeev
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