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Technology Stocks : Micron Only Forum

MU 286.68

+3.8%

Dec 24 12:59 PM EST

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To: DavidG who wrote (39648)	10/5/1998 5:59:00 PM
From: Michael Young	Read Replies (1) of 53903

<<BTW...pay very little attention to "forever bears", it is not healthy to your wallet. MU only goes down when the overall market drops... buy on dips MU is bottoming here!!>> I agree. The ultra bearishness on this board has to be a contrary indicator. I recall the other side of the coin in 1995. Seemed like everyone thought MU could never go down. They were of course forgetting that DRAM is a cyclical commodity business. I see the other side of the equation now. The DRAM worm is turning, but many traders refuse to be flexible. It is now time for the up cycle. Demand continues strong, while the Asian companies are either closing plants or frantically begging for money to upgrade equipment. Also consider that so many manufacturers have ignored DRAM and chosen to focus on "proprietary" chips for the networking and telecommunications market. Now those markets are glutted. "New era" thinking is dangerous. DRAM is cyclical and always will be. MIKE

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