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Technology Stocks : Micron Only Forum

MU 233.88

-2.3%

3:48 PM EST

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To: Thomas G. Busillo who wrote (37803)	8/24/1998 7:58:00 PM
From: Peter Goss	Read Replies (1) of 53903

A funny tidbit from Fleckenstein's daily comment on Stocksite: << In the "What Passes for Research" department, Dan Niles from BA Robertson Stephens came out and pounded the table on Micron Technology (MU). He raised it to a super-duper ultra buy, from just a regular old buy. Despite the fact that he has to cut his numbers, he is going to raise the price target and you should all buy the hell out it. This happens all the time these days; this is just today's example. Analysts (stooges) pound the table, raise the price target and often lower their estimates on stocks where they have consistently missed the fundamentals. The TV talking heads never bother to tell you those details; they just let you know that so-and-so raised their rating. >> I bet all of Niles' clients who bought the open are feelin' groovy. Peter

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