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Technology Stocks : Micron Only Forum
MU 246.95+4.1%3:59 PM EST
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To: Kerry Phineas who wrote (26772)1/19/1998 11:04:00 AM
From: Thomas G. Busillo  Read Replies (2) of 53903
 
Kerry, that's definitely one way of looking at it <g>

I guess I interpret what he's saying about the industry as follows:
When/if the industry settles down and gets into supply-demand parity (or better, if you're a producer; and that begs the question of where demand is going) this company should benefit. Right now, despite the fact that new capacity that was expected to come on line in the future is being scaled back or cancled outright (and down the road that's a good thing), there are still problems re: capacity that's already up and running.

In general, as bearish as I've been on MU that's my industry-level take. It took a financial meltdown to get some of the Asian players to do what common sense dictated, but if the net result is to make the "supply" part of the equation a little better down the road, it's something to be considered.

Putting this thing as a "priority list buy" based on the above is IMHO at best pretty shakey and at worst shows an almost brain-dead appreciation for risk.

IMHO, there probably are a lot of heavy-hitters who fully believe that MU isn't going anywhere until Tom Kurlak gets his boot off its neck.

If MU was under 20 and the $SOX was near 200 (or below) and it was August/November - I'd say that would be the time to look for TK to swing back into "buy" phase and MU to begin a long-term climb.

Good trading,

Tom
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