Kerry,
So much depends on other factors: the semiconductors in
general, other tech stocks like MSFT, interest rates, conditions in Korea and Japan,
IMF, etc., that no one really knows whats going to happen from month to month from
either a technical or fundamental perspective. It seems likely to me that MU is going to
have significant fundamental problems, but I'm no expert. In this stock, minute to minute
is easier than day to day, which is easier than week to week, etc.
I tend to disagree with you. I believe longer term fundamentals should be able to tell you where a stock is moving from its present point...and if it doesn't do what one has expected than maybe its being viewed incorrectly, or maybe not all the facts are available to do a complete analysis.
Myself I believe it is very difficult to obtain all the fundamentals and no matter how much I read and analyze I feel very insecure with its completeness. We must all recognize our limitations.
Fundamentals certainly have its place in selecting a stock for long term investments... but I believe it has much less importance when trading a stock or in your case shorting a stock. The fundamentals or lack thereof does not necessarily mean a stock should go down in the same way that very good fundamentals mean that stocks should go up and the rate at which it will appreciate. I believe this is probably the biggest trap that most bears are falling into on this thread.
DavidG |
