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Technology Stocks : Micron Only Forum

MU 252.68

+11.9%

2:32 PM EST

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To: TREND1 who wrote (266)	6/11/1996 5:48:00 PM
From: WHL	of 53903

Dear Larry: Are you an unshakeable bear on MU? Remember the head and shoulders bottom (see 150 day chart)? MU has held at 30- this was the second shoulder. The recovery in the book to bill from .79 and .78 to .84 means that the momentum down is gone. Indeed it is very doubtful that we will revisit anything even close to .79 again in this cycle. If this is true it means that a bottom has been reached. Be warned that Micron's earnings for this past quarter will be old news when reported. They are really irrelevant. Big money- HUGE money- plays this stock market based upon momentum. I strongly urge you to consider the risk of staying short in this market. If this pattern continues to play out, those short will be likely to suffer the fate of Yorick. "Alas! poor Yorick. I knew him Horatio." Hamlet V,i,201 Your watchman on the wall- Bill Lawson

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