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Technology Stocks : Micron Only Forum

MU 246.95

+4.1%

3:59 PM EST

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To: MR. PANAMA (I am a PLAYER) who wrote (20051)	9/21/1997 4:13:00 PM
From: Richard Russell	of 53903

Baitman, If you're looking for a bad techstock to short your long position you should check out this real dead meat company that's selling at about 37 and will be pushing up single digits by the end of the year. Even if the rosiest pr on their future comes true they are still way overvalued at 37 and in that case might be worth upper 20's They are under capitilized in a fiercely competitive rapidly changing commodity business filled with deep pocket competitors. Presently their earnigns are being squeezed out from the end of a product cycle and they are way behind the curve in the transition to the new products. Best case scenario is that earnings for at least the next few qtr. will be miniscule, much lower then present estimates. Just between you and me now don't tell anyone because it's a secret; well alright I'll tell you it's this little stinky company from Idaho called micron tech. Oh I must tell you it's a very volitile trading sardine but if you got the huevos you could make a few bucks going short cause it sure does look like it's on the road to ruin. heheheheheheheheh. RR

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