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Technology Stocks : Micron Electronics (MUEI)

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To: Yakov Lurye who wrote (2257)11/7/1997 8:34:00 PM
From: Larry S.  Read Replies (1) of 4074
 
Bailed out of all my MUEI today. Have traded it over past year or so, made some money, lost some money. Have 2 Micron P90's and am looking at new PII either from Dell or MicronPC. I feel the stock is not an attractive investment at this time. that the downside slide may well just continue, there will be some nice spikes up, but the stock is in the doldrums. I bot DELL at 80 yesterday and would rather take my chances with it at 40 P/E than MUEI at 15 P/E. Takeover. Yeah, probably will happen one of these days. New advertising program. pretty good, and long overdue, should help the stock. I am in a raising cash mode and couldn't justify tying up cash in MUEI. I hope i buy a couple of hundred shares and throw it into my IRA where i wouldn't look it at 25 times a day.
I've enjoyed lurking here the past few months, sorry i haven;t contributed more. Good luck to all. Larry
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