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Technology Stocks : Micron Electronics (MUEI)
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To: marc chatman who wrote (2137)10/29/1997 7:12:00 PM
From: Michael Burry  Read Replies (1) of 4074
 
It's obvious that this stock is just being moved with the
PC and component manufacturers, which are all generally out
of favor right now. No worries for the long term individual
investor at all, who should be able to take advantage of the select
bargains out there like MUEI.

The market is churning now. The consensus is, as the "expert"
on NBC tonights, that the market is back to normal. No way. It
is still damaged both technically and psychologically. My impression
is that the institutions are taking their amazing 20-30% one-day gains
at the expense of all those who can finally get through to their
brokers. Hence, the massive volume today, yet the market is
going nowhere. I'm preparing for another, more controlled fall with GTC orders everywhere, including at 13 on MUEI, 28 on QNTM, 86 on
TBR.

Good Investing,
Mike Burry
sealpoint.com
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