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Technology Stocks : Micron Only Forum
MU 239.40-0.4%3:59 PM EST
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To: Bipin Prasad who wrote (6141)12/15/1996 12:24:00 PM
From: Grim Reaper   of 53903
 
Bipin,

Do you understand Everything about MU, its business , its technology etc..

If no then maybe that is why you are so defensive, do you think that the most heaviliy traded stock on NY is a scam....The mkt is valuating MU based on future fundamentals, for a while many thought that it would not survive..many thought that they have a terrible balance sheet and they have indicated thet that is a myth...commodity stocks go through boom and bust periods and survival during the downturns is critical...Now we hear that prices should go up to their record levels by mid 1998...That is great for most people and obviously for the plethora of institutions that have decide to start accumulating this stock...if there are 490 inst in it now then the inst ownership will prob increase dramat from the 35% and that will eventually cause havoc with the shorts...The whole mkt is allowing multiples to expand due to the current inflation-interest rate scene...Look at the blueist of the blue like KO, MRK,ABX and so on...You are not fighting me but you are fighting the Fed and ML...This has now become a game to me ...if MU fell to 0 tomorrow I am still ahead, but what if forever reasons it goes to 60 can the bears say the same..
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