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Technology Stocks : Intel Corporation (INTC)
INTC 42.52+6.2%11:51 AM EST
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To: Skeeter Bug who wrote (50363)3/10/1998 12:59:00 AM
From: Fred Fahmy  Read Replies (2) of 186894
 
<however, sometimes it take 25 years to make up for doing that. >

Or sometimes it takes about 12-18 months which can seem like an eternity for those who lack discipline and patience.

<anyway, are you saying mu is fairly valued?>

Nope and MU was one stock Mike and I agreed on. It was just the magnitude of his ridiculous predictions I disagreed with (and they did turn out to be ridiculous). Sometimes, WS takes a long long time to see what's going on and sometimes they never do. Fighting MU from the short side has been a losing battle for the most part for the last couple years, despite the poor earnings. Sometimes you just can't fight WS's momentum and MU is perhaps the best example of this. Unfortunately, some people let their pride and stubbornness get the best of them and refuse to let go. This is what I call true ignorance. I rather be wrong about a companies fundamentals and have WS see it my way than to be right and have WS going against me for two years.

<the manipulation of lowering estimates and then beating them so the stock will go higher than before the estimates were lowered is made easy by those of your mentality.>

Those of my mentality have kicked absolute butt during the great tech bull run of the last three years. Last year was my best year ever even though the bears were preaching gloom and doom the whole time.

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