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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: yard_man who wrote (30198)	3/15/1998 1:02:00 PM
From: moose	Read Replies (1) of 53903

I think the only reason MU is trading above 20 dollars is 211 million shares outstanding. MU is the greatest example of stock market manipulation that I have ever seen. If MU had a billion shares it would be much harder to manipulate and would be under 20 dollars. MU's PE is the highest it's been since 1992 and IMHO on unrealistically high expectations. With MUEI already preannouced and DRAM prices continuing to fall MU is facing its toughest challenge ever. Sub 1000 dollar computers will make it hard for DRAM makers to regain any pricing power and Asia is far from over! In this bull market, bullsh_t companies seem to be the way to go. I have 10 MUOF's and under normal circumstances I would feel very comfortable holding them to next friday, but this is MU ( Manipulated Unbelieveably). If theres any justice in the markets, MU will open at 22 on tuesday! Good Luck to all the BEARS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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