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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: Jim Patterson who wrote (30694)	3/18/1998 5:07:00 PM
From: BSGrinder	Read Replies (3) of 53903

I, too am perplexed by the tenacity of this stock. I can't remember a situation with more terrible fundamentals for the foreseeable future. There does not seem to be any informed argument that MU is doing a good business - just an eerie silence from the analyst community. Who is buying this stock? Why aren't funds unloading as fast as they can before the quarter ends? Does Fidelity really intend to hang on to MU for a year of huge losses? Every other sector except oil is going up - why hang on to MU when you can jump on another bandwagon? MU is probably the best example of the incredible disconnect between fundamentals and the current market. The only thing that can be propping up MU is the fact that it is a stock, and stocks always go up! Check out Bill Fleckenstein on Stocksite.com for some astute observations on the current mania. /Kit

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