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Technology Stocks : Micron Only Forum

MU 256.69

+13.7%

1:19 PM EST

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To: TREND1 who wrote (35085)	6/17/1998 9:10:00 AM
From: DavidG	Read Replies (3) of 53903

Larry, It is going to be an interesting day today for the SOXX now that we are supporting the YEN. Last I saw the yen was down to 138+ from a high yesterday of 146+. Bears should be in panic mode now with a lot of short covering. Now my question to Skeeter is "since MU was up over 2 points yesterday is it because KIP is pounding the table on KOREA inventory going back to zero...or...the yen is doing a reversal"? Time to face reality Skeeter.<g> Larry, I really think the "forever bears" have to do a reality check of their fundamentals. They try too hard to oversimplify the facts that it is literally getting funny. The SOXX has dropped 1/3 in the last 6 weeks and so has Micron...and at a time that the asian currency made a dramatic drop below support. Now the reverse is happening, they were warned about their PUTS and shorts and stubbornly refused to acknowledge it...so they must again feel the pain. Good Luck Trading DavidG

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