>>since you and Mike iles have been saying every day, week and month it
should be in single digits...and you were both WRONG?"<<
nope. we are right about where mu s/b. we were wrong to over estimate the intuitive powers of fellow investors. we will get there.
david, 2-5 of your reasons why mu went up to $39 are still in effect. granted, the ongoing weakness in asia and the currency situation also plays a big part in the whole mix. i guess the new era mantra that economic turmoil lasts 2 months isn't quite accurate ;-)
as for mu management saying that korea was almost out of inventory, what was i thinking? if the claim was true then dram pricing would catapult up, mu would dump their inventory and mint profits for the short term. longer term the glut would be over as supply and demand would then be inbalance and profits would be minted again and again. no more 78 tons, and growing, of inventory.
of course, this is absurd to think there is any correlation between this scenario and its ensuing failure to play out, and mu's stock action.
what was i thinking ;-)
i think you are mad mu is 30% below where i turned bearish meaning i was really way ahead of the dolt longs as i proclaimed all along. especially all that smack mike and i were talking when mu was $60. then $50. then $30. it will get worse. for the right reasons ;-)
mu may very well may go bankrupt. of course, i look forward to the day where you tell me, after the fact, of course, that mu went bankrupt but my reasoning was wrong. i'll get to count my profits then... HO HO HO HO ;-) |
