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Technology Stocks : Micron Only Forum

MU 362.75

+7.8%

Jan 16 9:30 AM EST

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To: TREND1 who wrote (33266)	5/13/1998 11:03:00 AM
From: Lucretius	Read Replies (1) of 53903

I see you had time to post 5 or 6 new messages? Could it be there is no bullish case for MU besides blind hope and prayer? (ggg) In any case, this sector honestly reminds me of the oil drillers back in '85 after the oil mkt collapsed. Too much capacity and not enough demand. It is now 12 yrs later and dayrates while finally coming back, still aren't back to replacement levels. The only thing that drove up dayrates was a shrinkage in the rig fleet. Semi's look to be in the same situation except that investors are a little more stupid about where they throw their money because it is technology, which we all know can only go up, right? It will probably take them a little longer to figure out that semi's are a commodity business w/ boom/bust cycles much like any other cyclical business. This industry looks dead for a long time (and I ain't talkin a yr or 2) until capacity is shrunk due to bankruptsy or a new use is found to expand demand exponentially. -Lucretius

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