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Technology Stocks : Micron Only Forum

MU 246.95

+4.1%

3:59 PM EST

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To: ratan lal who wrote (31211)	3/25/1998 11:22:00 AM
From: BSGrinder	Read Replies (1) of 53903

You day traders are amazing - going long to pick up 1/2 point action! I wouldn't dream of being long MU for 10 minutes! I'm here because I have never seen a company with so many negatives, and two big funds having to unload millions of shares so they don't look like idiots in their next quarterly reports. It's a wonderful situation to be short in: no good news can come out of tech, except for software, and no businessman would pay to take over Micron's business (anywhere near this price). The only dangers are: 1. Fund manipulation - but the funds appear distracted by all the money to be made in other areas of the market. They seem to be conducting an orderly withdrawal. 2. Short squeeze - most dangerous in combination with 1, above. The relatively low volatility of this decline makes this less likely. 3. General absurd euphoria - but why buy MU now when other "quality" tech companies are ramping up? MU's decline during the last week of tech mania makes it unattractive for now. That's how it looks to me, so I'm not betting on any significant bounces until MU loses enough value to get some attention in the general tech press, at which point the "buy anything on dips" crowd might do their thing. Just my $.02 worth. /Kit

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