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Technology Stocks : Micron Only Forum

MU 250.64

+11.0%

10:56 AM EST

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To: Joseph Francis Torti who wrote (5009)	12/1/1996 1:41:00 PM
From: Paul Moerman	of 53903

JT, I did notice a date for their largest holdings, and it was old (3/31/96). I called Fidelity, and MU is not among the largest holdings as of the current data base they have available on line (for this particular fund anyway). I don't know if the as of date for largest holdings necessarily means the top sells were in the same time frame or not. Maybe I can find out tomorrow from IBD. Many of the mutual funds profiled in that issue were as of slightly more current dates, 6/30/96. Tomorrow's paper has several as of 9/30/96 even. So you think MU is going to spurt up after their December earnings announcement! Based on what? A future outlook that the bottom has been turned? A prediction that their btb for the fiscal year will be over 1? Forecasted eps that result in a forward p/e of about 18? Being in a non-commodity business? Gaining market share? GIVE ME A BREAK! <g> If the price goes up, it will be pure emotion (greed) rather than sound technicals or fundamentals. Maybe that was your point? ;-) Paul

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