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Technology Stocks : Micron Only Forum

MU 241.14

-6.7%

Dec 12 9:30 AM EST

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To: PAinvestor who wrote (27718)	2/3/1998 10:31:00 PM
From: DavidG	Read Replies (2) of 53903

PA, the real reason that MU was up today (don't believe what you read in the financial wires) was that the front page of the Nikkei Shinbun in Japan ran an article stating that Hyundai Electronics will stop producing 16meg DRAM from February. Interesting Analysis. I was surprised that MU had as much of a runup as it did today considering the past 4 weeks gain. This story may actually be the cause...true or not. I am interested in that rumour about Hyundai. If after the bell they refuted it, does that mean that there is a near term retracement in the next few days? I would not mind that. Went long twice today but always got out too early and added to 4 day old PUTS which obviously are showing some loss.<g> Short term MU looks overbought and a 10-15% retracement might be healthy. What do you think? Really great to see you here, you walked into one of the largest Bear Dens on the SI.<G> DavidG

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