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Technology Stocks : Micron Electronics (MUEI)
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To: Maher Sid-Ahmed who wrote (3358)6/8/1998 12:39:00 AM
From: Lee Lichterman III  Read Replies (2) of 4074
 
I have traded MUEI allot over the years and think they will be a winner to go long on eventually but think MONEYMAKER has a point. How can MU selling it's shares make the price go up? Do you have any idea what the price would do if 60 percent of the outstanding shares were to get dumped into circulation in a short period of time? The price most certainly would NOT go up. More than twice as many shares on the street as there were before would make a fund dumping look like nothing. If there are twice as many sellers as buyers etc. If MU sold, MUEI would be a penny stock within a month.

Now I don't think MU would sell a substantial amount at a time, nor do I think they want to give up control but it is something to keep in the back of one's mind. If MU got desperate enough, they might agree to sell their shares to a suitor rival PC company, but that is a totally different scenario.
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