Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (839)	1/16/1998 8:15:00 PM
From: Fernando Saldanha	Read Replies (1) of 18691

Roger, Merrill Lynch's Kurlak today put a $20 target on MU, which is a civilized way of saying "short it." The stock dropped on the news. On the other hand, a few days ago Goldman's Abby Cohen said favorable things about the stock. With the Korean won way down I just don't see how DRAM prices could go up, and at the current levels MU will not do well. By the way, Tom Kurlak is one of the few Wall Street analysts that can move prices. Other possible shorts I am looking into or have already shorted: APOL CBTSY ELF CINF FITB BTIM Best regards. "according to Merrill Lynch's analyst Thomas Kurlak, thinks stock price of memory chip maker is too high as DRAM prices have not shown that much improvement, thinks stock is going to $20" (from Schwab)

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