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Technology Stocks : Micron Only Forum
MU 238.36+0.4%Nov 6 3:59 PM EST

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To: TREND1 who wrote (50557)2/24/2000 12:31:00 AM
From: Skeeter Bug  Read Replies (1) of 53903
 
larry, remember when mu ran from $40 to $60 (sept '97?) while dram prices were collapsing?

i heard that pricing was wrong b/c mu predicted good pricing. i heard mu must be lowering costs 50% a q.

botom line. dram pricing collapsed. numbskulls believed analyst lies. mu stock rallied big.

mu crashed 66% in a short time after earnings were released (to analysts first and then to investors).

mu predicts price and price predicts mu. you just never know which is predicting the other and when it is doing it ;-)
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