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Technology Stocks : Micron Electronics (MUEI)
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To: bobgh who wrote (2116)10/27/1997 7:35:00 PM
From: jedi trader  Read Replies (1) of 4074
 
bobgh,

IMO 16 1/4 should be good I bought at 16 15/16 the week before. May look at buying more in one or two weeks if the market starts turning around by then. I think there are going to be a lot of bearish people out there on TV as well as people on many threads on SI, but they will soon disappear when the market rebounds. The market won't continue this decline because of one main reason: there are thousands more like millions of people dumping money into 401K plans everyday and this money has to go somewhere, right? the only problem I see is if people start changing there investment plans by going to bonds or decide not to put as much in 401K, but this would be unlikely. Good luck to you and all because we'll need it over the next couple days

Jedi trader.
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