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Technology Stocks : Micron Only Forum

MU 237.16

+4.6%

Dec 5 3:59 PM EST

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To: IceShark who wrote (51611)	7/16/2000 3:52:26 PM
From: Zeev Hed	Read Replies (1) of 53903

Ice, and I am still scratching my head, I figured that to "maintain" the stock above $80 for 20 out of 30 days, they'll need to breach the 95 high of $95 (presplit), and thus had a target of $120 with MOMO following those making new old time highs, got out at $120 and (now $60) and still scratching my head. Even if they have a peak earnings of $5/share, that does not justify a 20 PE forsuch a cyclical business. The fact of the matter remains that they will have to plow back every penny they make into the business, they have already borrowed a little" as well. Zeev Zeev

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