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Technology Stocks : Micron Only Forum

MU 345.82

+0.2%

Jan 12 3:59 PM EST

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To: Skeeter Bug who wrote (33407)	5/15/1998 11:12:00 AM
From: mike iles	Read Replies (3) of 53903

Skeeter, Don't know how the day traders make money but if they do more power to them. Still no response from HAL as to why Larry cares about the fundamentals. DavidG, as expected, didn't answer the question. Heck, if I was day-trading MU (would last about a week before going broke) I wouldn't want to know the fundamentals ... would just muddy the water. So why do these guys care ... it's a mystery and they ain't talkin'. Even stranger they're always bulls when it comes to the fundamentals. My theory is that they're bulls because this is a bull market (duh .... actually getting a little ragged with narrowing leadership ... DELL, MSFT, anybody else??) and because they're traders they have to follow the market ... something like that. Where they really get lost is when the market reaches a major turning point (which I think is imminent) ... have to go thru an adjustment period. I fully expect that when MU is at 6 and I'm touting it as a possible turnaround candidate the day traders will be uniformly bearish on the fundamentals ... 'hey because we're in a bear market'. DavidG will make snide comments and cast aspersions on me for being a forever bull!!! regards, Mike

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