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Technology Stocks : Micron Only Forum

MU 345.82

+0.2%

Jan 12 3:59 PM EST

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To: TREND1 who wrote (37294)	8/12/1998 8:32:00 AM
From: DavidG	Read Replies (2) of 53903

Larry, Looks like the bears are coming out of the woodwork now. As MU drops in price, their stock projections become more bleak<ggg>. They are talking about teens again...com'n bears get real!!!!! Now in reality as MU drops, or any stock for that matter, the probability it will continue to drop gets less and less. The "forever bears" are just getting carried away again...remember the calls for single digits after earnings????<vbg>...duh.:-) MU is still above its 50DMA and stopped just above its 200DMA and it is still in an uptrend...but Stochastics still shows an overbought situation so it is indicating some more downside. The break of the 200DMA will be the key. 207.95.154.130 From a fundamental standpoint DRAM is still showing some increases as we move into the Christmas season and PC100 chips still at a premium and SEA still cutting back in production. The biggest fear is a devaluation of their currencies. Since the Yen is up $2 today we can see a relief rally for next day or two...maybe a move to 33 and then a retracement down to 26-28 area which should be a bottom. Good Luck Trading DavidG

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