Micron Only Forum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum

MU 286.68

+3.8%

9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kerry Phineas who wrote (4997)	11/30/1996 3:25:00 PM
From: Paul Moerman	of 53903

Kerry, be assured I am not betting AGAINST the problems MU is facing! Quite the contrary, my entire position with MU right now is puts. To be honest, however, I expected to be more ahead by now than I am. I fully expect December's earning report to restore some reality to MU's stock price, i.e. mid-20's at the most. Re Fidelity funds acting in concert as a type of rigging, since they have various investment objectives and stock selection criteria, I doubt if such would be likely to happen on a widespread basis across many or most of their funds. And since they would eventually need to unwind their positions, could they really expect the market to absorb such large selling unless the company had more going for itself to begin with? Maybe, but seems to me there are better bets Fidelity could make than MU (other than a long-shot, turn-around situation). <g>

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next