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Technology Stocks : Micron Only Forum
MU 373.13-2.6%Feb 10 3:59 PM EST
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To: ratan lal who wrote (22624)10/22/1997 4:57:00 PM
From: Skeeter Bug  Read Replies (1) of 53903
 
ratan, let the bulls be upset. they'll be upset and call the bears lucky all the way to the teens. just add up how much money you would lose listening to them and how much money you made listening to the bears. :-)

btw, it is shear amazement that falls over me when the bulls yap about mu's fundamentals when THE ONLY GOOD Q THEY HAD WAS DUE TO AN INVENTORY HOLDBACK! NO HOLDBACK, NO MONEY FOR MU! ALL YEAR LONG, NO MONEY. ALL THAT AFTER SPENDING $2.50 A SHARE ON EQUIPMENT AND OTHER NON PROFIT GENERATING CRAP!

the 16 mb production is in the end game. you ever heard of closeout sales? well, we're in a fire sale right now. expect mu to complain to congress as they can't compete.

unfortunately, 16 mb is their only gane in lieu of another $2 - $5 a share in capital expenditures.

spend $5 to make $1, now that is an mu bulls favorite business plan. i really wonder what else they choose as investment "vehicles."

btw, it is not you who are confused. i told the bulls incessently that mu was wqqqqy overvalued at and near $60. they couldn't see reason if it whacked them on the head. i even suggested buying puts to sridhar when mu was about $43-$45 to protect his long position. he declined. he would have made a lot of money on them.

btw, the bulls were riding the bears like no tomorrow on the way up. boy it is fun on the way down. i now know how they felt. except my paradigm was right long term and their paradigm was wrong.

this battle was won a long time ago, the only question was when. WE'RE GETTING CLOSE.
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