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Technology Stocks : Micron Only Forum

MU 236.48

+2.7%

Nov 28 9:30 AM EST

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To: Bipin Prasad who wrote (2444)	9/17/1996 5:17:00 PM
From: steven qi	of 53903

Thanks, Bipin, I appreciate your comments. In spite of all the bears, there is a tremendous volume in the last few trading days. The volume is getting even stronger today. I don't quite understand it. I guess I am trying to find out what the buyers of MU shares are looking for. The earning estimate for 1997 seems around $1/share. But the buyers seem to be looking for some upside surprises for next year. I have done a lot bad tradings recently. I just sold my INTC warrants a couple of days ago before the big run-up. I would hate to repeat that mistake again. Another thing that puzzles me is the seemingly high MU's price/sale ratio (1.3) compared to TXN (0.7) and Motorola (1.0). There seem to be a lot of MU supporters out there. I don't know if this is good or bad.

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