Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: clochard who wrote (2229)	2/4/1998 8:58:00 AM
From: Lazlo Pierce	Read Replies (2) of 18691

Can anyone here defend the price of MU? A few weeks ago, Kurlak says MU going to 20, with major DRAM pricing pressures from the East. The situation there is bad enough that the CEO is lobbying Washington hard for relief due to IMF bailout. The estimates for 98 have come down (again) to .11 for the year (I think), yet the stock has climbed from 28 to 38 this last week. Any thoughts? To me, this one is a gimme short (and there are not many of those!). Can someone point out what I'm missing? Thanks. Dave

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