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Technology Stocks : Micron Only Forum

MU 290.47

+2.0%

1:22 PM EST

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To: Skeeter Bug who wrote (34337)	6/4/1998 2:42:00 PM
From: mike iles	Read Replies (1) of 53903

Skeeter, Been reading the thread and the comments from the bears are interesting ... everyone's been burned trying to short or put the Boise slime (including yours truly) and as a result we're all cautious. Sure things are going our way for the time being but there's that fear in the back of our minds that at any moment MU will stage one of its out-of-the-blue rallies. Since MU likes to confound as many people as possible and since we're all waiting for it to rally ... maybe it won't. Maybe this is the dead cat bounce. The most confounding thing it could do right now would be to tank. Wishful thinking on my part perhaps but the bears are a nervous bunch with one finger on the hedge button ... eg you and your calls. So the right thing to do is double up on the shorts, nescafe?? The fundamentals would support a submarine move from ol' MU (dive!!dive!!) ... after this quarter's results the question will be, not how wide is the valley (a la DJ), but can MU survive? regards, Mike

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