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Technology Stocks : Micron Only Forum

MU 236.48

+2.7%

Nov 28 9:30 AM EST

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To: Sridhar Srinivasan who wrote (29034)	2/26/1998 2:36:00 AM
From: Skeeter Bug	Read Replies (1) of 53903

sridhar, let's get this straight. this is really funny. last august the whole world voted for mu doing great during 1998. i said they had lost their mind and were wrong as did a few other very insightful people. in august the present was the future. the bears nailed the future then. you were wrong. couldn't have been more wrong. now all we do is repeat the past. first of all, first call has 13 cent loss as an estimate. a 30 cent loss would be news. i'm happy that now that i come up with an estimate that is well over 100% worse than the "pros" you have at least learned that i'm right. however, it isn't news to most people. ist will be in march ;-) in any case, the global supply problem will not end anytime soon (the future, sridhar, not the past!). mu will be extremely luckky to have a breakeven 1998 and 1999. there may no longer be drams in 2000. they may all be on intel processors as intel tries to add value to their products b/c of their stiff competition issues. there is risk. to justify your point you use aol. the one stock in the world that is more nuts than mu. so what? hype stocks are a dime a dozen. iom at $55 pre split that went to $13. mu at $60 that went to $22. you are up since your purchase at $25 but you are down nearly 50% in a few months. mu has much more risk going forward than many, many other stocks. not looking back. however, maybe a loss of 30 or 40 cents will get the bulls all hot and bothered and they'll run this stock to $50. i think it is a dumb bet. some people just need some tough love. put that leather on 'cause i see an mu ride about to materialize that you won't fforget for a while ;-)

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