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Technology Stocks : Micron Only Forum

MU 435.19

+6.1%

3:59 PM EST

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To: DavidG who wrote (22655)	10/22/1997 8:22:00 PM
From: Trey McAtee	Read Replies (1) of 53903

david- none of those comps are relevant. what exactly are you smoking? all companies hit rough spots. what you fail to realize is that when they hit these rough spots their STOCK declines. MU is different from your comps in that it is a COMMODITY producer, and therefore subject to the cycles inherent in the memory sector. therefore, when it hits a rough spot its stock is more severely punished. look at what has happened in the past to MU during previous downturns. i am not willing to pin my hopes on applejacks being able to see memory as a dead end and shift into something else or start branding what is a commodity product (even if he did the public isnt stupid enough to buy it). IF he does, i might reevaluate my position. you and so many of the bulls seem to believe that a miracle will occur, and save the company in the next month. con men like applejack and that bedard retard dream about marks like you guys. AS THINGS STAND NOW....the company is not going to report EPS higher than last q, and it is in for at least 2 rough quarters before the end is in sight. in the second half of 98 i expect to be a buyer of MU, but it will be at a much lower level. could i buy sooner? yes, if the stock drops or jesus himself arrives in boise and blesses the company. would i buy now? no. margins are DECLINING, as are profits. we are at the same point now that we were in 1995. this i have said MANY times, but you dont listen. MU went from 95 to 16 in 10 months during late 95 and into mid 96. I WATCHED IT HAPPEN. where were you and your facetiousness? and dont insult our intelligence by saying you were smart and went short at 95. if you had you would be able to see the current situation for what it is. the DOWNTURN of the CYCLE. your turn smart guy. good luck to all, trey

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