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Technology Stocks : Micron Only Forum

MU 265.94

+7.0%

3:59 PM EST

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To: Kathleen capps who wrote (36895)	8/6/1998 12:14:00 PM
From: Thomas G. Busillo	Read Replies (1) of 53903

Kathleen, that rules! Hey, this conference bounce looks kinda familiar. late-July/early-August 1997 RS Conference Message: Demand is up; prices are up. Price action: a +33.3% move from roughly 45 to 60. late-July 1998/early August 1998 RS Conference Message: Demand is up; prices are up. Price action: a +33.3% move from roughly 27 to 36. I'm hopeful history will repeat itself, although on the demand end IMHO things are probably better than they were last year, holding everything equal, if only for the fact that the players switching to more BTO have probably made the inventory adjustment. Good trading, Tom

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