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Technology Stocks : Micron Only Forum

MU 265.92

+7.0%

Dec 19 9:30 AM EST

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To: Skeeter Bug who wrote (36852)	8/3/1998 10:27:00 PM
From: VLAD	Read Replies (2) of 53903

skeeter, MU is the only chip stock that I follow that seems to defy all logic when it comes to stock price compared to projected earnings. Since MU is kind of in a class of its own it is impossible to pick a company that is very similar to it ie DRAM only. I look at a stock like NSM or AMD and I think that they are reasonably priced based on their forward looking earnings (in fact I think NSM is getting under priced and AMD is still overpriced). I have a friend who worked on the floor of the NYSE. He said that MU had a reputation of being one of the most manipulated (by institutions) stock on the exchange. The way I see it MU is merely a vehicle for making or losing money. If this dog ever dies a real and complete death I will be surprised. My only word of advise is to ignore this stock if your decisions are based on fundamentals. If you are a momentum player then go with the trend like Larry. It is not a matter of knowing what this dog is worth--it is a matter of guessing what direction the institutions will manipulate the price. Its that simple.

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