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Technology Stocks : Micron Only Forum
MU 236.48+2.7%Nov 28 9:30 AM EST

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To: STUART ARTHUR who wrote (6186)12/15/1996 4:34:00 PM
From: TREND1   of 53903
 
Stuart
(1) Agree that "future" dram prices would be better then past.
(2) But past is all we got <G>
(3) DEMAND = SUPPLY where prices is the equal sign.
(4) During the "high stock price" days of MU the decline
in dram prices was very very low.
(5) Also the stock price of MU has lead the dram price movement
in the past, so dram prices are a lagging indicator !
(6) If you want a leading indicator, watch the 32 3/4 level on
MU this week.
Larry Dudash
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