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Technology Stocks : Micron Only Forum

MU 239.40

-0.4%

Dec 2 3:59 PM EST

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To: ratan lal who wrote (20208)	9/22/1997 2:54:00 PM
From: Imran	of 53903

Ratan, "MU looks technically strong for the next 30 minutes. Any chance earnings have leaked??" MU was WWAAAYYY oversold, and it was due for a bounce, which is what this is. My guess as to what happens tomorrow. NOTHING! Absolutely nothing. MU will miss estimates, but give their ever-rosy outlook. Some anal-ysts will lower ratings, others will cite oversold conditions and the end result will be nothing. Looks like we'll be stuck in another trading range 'til December, unless the bulls wake up and start paying attention to DRAM prices. <g>

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