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Politics : Ask Michael Burke
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To: Freedom Fighter who wrote (64482)7/13/1999 11:55:00 AM
From: Skeeter Bug  Read Replies (2) of 132070
 
wayne, folks have different opinions. here's mine.

1. dram is cyclical. therefore, everyone wants to be in mu when dram turns good. the fallacy here is that that may take a long time and mu may not be there. the other problem is that companies at cyclical peaks aren't discounted for their cyclical tumble. what's bad is good and what's good is good. too much money = dumb money.

2. the lie du jour that mu management appears to be spreading is that they control prices and have purposely made them low to drive out competitors. you know, the ones w/ more access to cash than mu has ;-) this is bs. total bs. if that was mu's plan then they wouldn't hoard inventory. they would sell it and drive prices even lower to get rid of compeitors even quicker. too much money = dumb money.

3. the sox is going up so mu must be doing well. too much money is dumb money.

4. "hey, i have a lot of cash and can either buy companies rocketing past their all time highs or buy mu at a 'discount.' i'm not stoopit!" too much money is dumb money.

5. some folks believe the crap the snake oil sales lady are telling them. too much money is dumb money.

why would short be scared? $100 mil in losses isn't a reason to hold a short? inventories going through the roof? cash bleeding at the rate $200-$300 mil per q? these aren't the kinds of things that put fear in the eyes of shorts, imho.
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