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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: marginnayan who wrote (418)10/13/2001 3:06:58 PM
From: Zeev Hed  Read Replies (1) of 99280
 
MU will eventually get to a P/S of 2, but not this time around, IMTO. What hickey fails to understand is that these measures are far from being absolute, they have gone to a huge extreme on the way up, and deflating these will take more than one bear cycle. What was Hickey saying when MU was selling for 95 more than a year ago, and even as late as last June when it was selling at $40? Right now, I would say that his opinion prevented him from paricipating in a very nice 55% rise since we hit $16.5 after the 9/11 event.

Zeev
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