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Politics : Ask Michael Burke
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To: james paterson who wrote (66694)8/24/1999 10:44:00 AM
From: Knighty Tin  Read Replies (3) of 132070
 
James, My usual guess would be that MU's decline will begin when they report their 7th quarterly loss in the last 8 quarters next month. But, so far, the bulls have been oblivious to cruel reality. We know there will be conferences and Xmas lies, though the peak DRAM buying period is between now and the end of September, and MU cannot make a profit during the peak demand period. They will certainly crash by late Jan, early Feb, but I am betting that sanity takes hold and they crash by Oct. expiration as the smart money decides that greater fools are getting hard to find. So, I like Oct 50s for homerun players and 60s for the more conservative.
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