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Technology Stocks : Micron Only Forum
MU 344.97+5.5%Jan 9 3:59 PM EST

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To: M. Ramle who wrote (15527)6/16/1997 6:38:00 PM
From: Trey McAtee   of 53903
 
m-

last year at this time the stock was lower, but had brighter prospects. now it is high by anyones standard and has much dimmer prospects. the turnaround did not happen as expected and the asians are sick of sitting on inventory. if this dog does limp to the 49-51 range, you better pray you can unload it. MU is heading down, and it will probably take out last years low. i look for 10-12 in the next six months. with all the emotion built into this stock it may be really soon.

BTW-- i was long last summer when KURLAK and everyone else said it was a bad investment. they were wrong then, and they are wrong now. as of tomorrow morning i am short.

good luck to all,
trey
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