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Technology Stocks : Micron Only Forum
MU 234.19-2.2%Dec 3 3:59 PM EST

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To: steven qi who wrote (2437)9/17/1996 4:13:00 PM
From: Paul Moerman   of 53903
 
Steven, IMO it's hard to find a riskier and more volatile stock than MU. It may reward you handsomely, but it's just as likely to lose you a ton of $. What's your risk tolerance? The fact you are worried may be your internal signal to at least sell part of your fairly large position, if not all of it. I think the company is or will soon find itself very squeezed for sufficient cash to take advantage of opportunities. Book value per share is not that great, and most likely will head lower over next several quarters. If the overall market turns ugly, what would make you believe MU would do better than the market?

My bet is that MU will not keep going up from here, especially when their earnings are out and their P/E gets recalculated. I'd suggest you take a look at stocks like Intel, LSI, and IDTI.

Paul
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