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Technology Stocks : Micron Only Forum

MU 231.36

-2.6%

1:02 PM EST

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To: TREND1 who wrote (34887)	6/14/1998 6:09:00 AM
From: Skeeter Bug	Read Replies (1) of 53903

larry, mu went up b/c mu management said korea was probably out of inventory and so the reasonable inference is that prices would move up and mu would become profitable. since that was an irresponsible and false statement, which i pointed out AT THE TIME, it didn't occur. the slow boat to china investors bid the stock up expecting eps to move up. well, pricing collapsed and they realized they could not rely on that flight of fantasy. there isn't much left. so the stock moves down where it should have been if mu management hadn't provided the false and unfounded hope to the gulli-bulls.

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