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Technology Stocks : Micron Only Forum

MU 231.78

-2.4%

12:54 PM EST

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To: DavidG who wrote (19929)	9/19/1997 8:44:00 PM
From: James Berg	of 53903

What the statistics don't tell you is that despite the fact that this stock seems oversold, there are some very good fundamental reasons why it is still overvalued. The fact that the selloff continues even though it should have rallied at least one of the last several days indicates that it may continue at least until earnings are out. If MU is able to put enough spin on the numbers, it will likely bounce up to 40 and then resume the decline as the smart money takes advantage of the bulls' gullibility. --James

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