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Technology Stocks : Micron Only Forum

MU 230.24

+2.5%

Nov 26 3:59 PM EST

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To: DavidG who wrote (36180)	7/13/1998 1:02:00 PM
From: Lucretius	Read Replies (1) of 53903

David, you need to rethink that last post. Asia's demand did decrease, but OVERALL, oil consumption rises every year. Unfortunately for oil bulls, so does supply. When Asian demand dropped off suddenly combined w/ mild weather worldwide, the anticipated increase in consumption was less than expected.. Therefore we got a glut. I suggest you study the fundamentals of oil again. They mirror your DRAM quite well. Oil bounced from 12 to 14 a couple of weeks ago, if Exxon was MU, it would have jumped more than 30% following MU bull logic. (ggg) Actually, I prefer my tire analogy though. It fits more w/ the PC being the new invention that changed the world much like the car, and the tires are the chips that kept the cars going. (ggg) -Lucretius

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