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Strategies & Market Trends : Steve's Channelling Thread
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To: orkrious who wrote (18536)6/21/2001 11:11:07 PM
From: Jdaasoc  Read Replies (2) of 30051
 
Jay:
covered .. (MU at 36 and change).

I think most of the buying recently was shgort covering. There is nothing on the horizon for 6-9 months that indicates the slightest of turn arounds for memory.

Now that most people have covered their shorts before the bad news and they did not suprise positive like ORCL, one analyst downgrade and they are down for the count bigtime. Zeevs call of 19 is too generous.

john
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