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Technology Stocks : Micron Only Forum

MU 238.71

+0.7%

9:37 AM EST

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To: Zeev Hed who wrote (48188)	9/12/1999 3:46:00 AM
From: Skeeter Bug	Read Replies (1) of 53903

>>run for the hills because their is, IMHO, a better than 50% chance of a 50% retracement over the three to six months following the last gusher up.<< zeev, if scenario II is in effect, a 50% retracement would be a boom for mu. if folks are panic stock piling dram for y2k (explains the surge in spot for no apparent reason) and the oems can't sell boxes to end users then a huge inventory hang would be in effect. what does this mean? 1-3 qs of STEEP losses for mu and at least another 1-2 years of annual losses - oh, and another $1-1.5 billion gone to ante up for new equipment. scenario I might play out. scenario II looks to be a shoe in and $40+ w/b a steep price to pay after the four horseman take mu apart - again!

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