ss, you've thoroughly confused stock price with the business environment. again. business sucks and you can expect a $0.30+ loss. is that good?
Skeeter, confusion on my part is leading to fairly handsome profits (G). I would like you to say something that is not known to every living creature in the sentient universe (The bears are living but hardly sentient in this instance - G - ). The only thing more asinine than the bears repeating well known facts is bears insisting that this kind of drivel qualifies as FA.
To add to the confusion, we even have people who follow trends indicating that FA does not work. The fundamentals make a stock in the long run (in terms of months and years, instead of minutes and hours). It is not the past fundamentals or the current known scenario that influences stock behavior. Rather, clearly, it is the direction of the fundamentals going forward that determines the trend. For instance, AOL is not valued at 5x sales on the basis of its lousy earnings. Obviously, it is their market dominant position, and the potential therein for consistent revenue and profit growth that gives them a 12B market cap.
Micron is the dominant US player in DRAMs, and probably the lowest cost producer in the world. It is this fact,coupled with improved prospects for the memory industry going forward that makes the fundamentals. Now, you might argue with the market that prospects for memory going forward are not good. But, to keep harping on current DRAM prices, and earnings this quarter or next quarter as basis for determining MU stock price is indicative of a level of naivette and ignorance of market dynamics that can only come from an extreme inability to understand and comprehend the bases for stock behavior.
Sridhar |
