Micron Only Forum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum

MU 241.14

-6.7%

Dec 12 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Skeeter Bug who wrote (19723)	9/18/1997 11:06:00 AM
From: DavidG	of 53903

Skeeter Bug, <<now given that dram is down 20% already this q and sales and earnings are going down, i think a 20 pe is rich.>> It is true that Dram is Down 20% and that is always going to occur over time. Sales and earnings down we do not know for sure. Sales may be the same or up since MU appears to be gaining market share. Earnings may or may not be down, we have to wait and see what MU did with their costs. You may be right with your $.40 cent estimate but then I only see a drop to 36. I am staying with $.49 +/- 5% since I do not see any reason to change. We also have to see what spin MU puts on earnings report. I am just dabbling in MU trades but will get serious next week when i know a little bit more. I really don't hold on to stock too long. As soon as I realize target profit I exit. There always is another day(hour, min) to get back in. DavidG PS: No one ever got hurt taking a profit.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next