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Technology Stocks : Micron Only Forum

MU 236.50

+2.7%

12:59 PM EST

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To: Skeeter Bug who wrote (29613)	3/6/1998 7:43:00 PM
From: Richard Russell	Read Replies (1) of 53903

SB, Good luck, but I have become increasing cynical of any indications that under normal circumstanses would cause mu or the markets in general to turn down but on the contrary seem to fuel buying frenzys. Maybe we really are in a new paradigim. Because of the huge amounts of cash continuesly pouring into the markets traditional PEs and valuations of companys are no lonlger applicable. The $ must be put to work and the favorites in every funds and institutions portfolios and the touted will be driven up to ridiculous level regardless of bad news earnings and reality. Look it aol, yahoo, mu to name a few. Although I firmly think that mu should not be trading at this time over 20 unless something happens that will make the the pumpers of mu capitulate, it may not get to the price it deserves as soon as it should if ever. Now that I have taken such a position this bag of vomit may get flushed down the toilet. Hope so. RR

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