Micron Only Forum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum

MU 244.47

+3.1%

10:35 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: put2rich who wrote (39307)	9/29/1998 12:41:00 PM
From: Sun Tzu	Read Replies (1) of 53903

I agree with you that the stock is not cheap. In fact, as far as I'm concerned, any stock with earnings yield less than the 5 year T-bill is not cheap (with very rare exceptions). But the price is determined on perception. If the market decides that by beating the estimates MU deserves to take off, I won't find that any more illogical than the multiples that it awards AMZN and will not fight it. If however MU ends the week lower, I will stay away from it until it either gets near its lows, or breaks 40. Between mid 20s and 30s, MU is too volatile for my kind of trading. But unless I come to believe differently, I will be on the long side of MU when I do trade it, because it looks to me they will be the last man standing when the dust settles. Sun Tzu

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next