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Technology Stocks : Micron Only Forum

MU 207.36

+3.0%

Nov 21 9:30 AM EST

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To: Land_Lubber who wrote (49457)	10/20/1999 7:39:00 PM
From: Naggrachi	Read Replies (1) of 53903

<<What do you think?>> FWIW, here's what I think: I see two holes on MU's chart, on the downside. The stock is in a negative trend. You still have a gap that needs to be filled @ $55 (remember last sumers $6 pop in mid $50's?) Keep in mind the stock has rallied from the 30's to the upper 80's but failing to break the old high. This is also very negative IMO. When Skeet's predicted the stock would never close above $85, much less touch it (when the stock was trading @ $83-$84,) I thought he was smoking some good shit. But to my surprise, in retrospect, Skeet's nailed it to perfection. The downgrade to netural speaks volume. Somebody must know something, they've been warning about IBM's problems for weeks and today they were right. Do they know something we don't? You don't just downgrade a stock from one strong buy to neutral. Could they be looking past January? They're talking about tight market today, come January fears of overbuilding and oversupply will be the talk of the day. Been there and done that. Just my opinion, of course. Zead

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