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Pastimes : Ask Mohan about the Market

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To: MythMan who wrote (12802)	1/8/1998 6:19:00 PM
From: Zeev Hed	Read Replies (2) of 18056

Pete, careful, MU broke through, what is in my opinion, a very important resistance level. It could be a short covering rally due to a news release (which I was unable to confirn\m) that Samsung will cut 40% of its dram capacity. There is also some firmness in the dram, market. If these news are correct, it quite possible for MU to start to dance to its own tune for a little while, while the rest of the market settle to some levels that are a little more reasonable. I am not a bear on MU at this point, I am not a bull either (but if I had amore snaguine on the market in general, that would be the time I would convert to an MU bull). Zeev Zeev

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