Micron Only Forum Message Board

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Technology Stocks : Micron Only Forum

MU 252.40

+2.2%

3:59 PM EST

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To: yard_man who wrote (41996)	1/7/1999 6:21:00 PM
From: VLAD	Read Replies (1) of 53903

tippit, All who have followed this company and the DRAM industry know that micron is the biggest and best trading sardine on the NYSE. DD is meaningless and those who can figure out the trading trend can make tons of moola playing the micron sardine both long and short. Probably no one here would dare buy and hold MU above $60.00 but certainly buying it as a day trade at any price is not out of the question. I just feel sorry for the little uninformed investor who buys the CNBC pimping not really knowing all the facts. They will be the same suckers who paid $60 to $90.00 three years ago and didn't have the brains to place their stop loss orders. IMO the only way one can fairly valuate garbage like micron is to give a fair price as it relates to historic PEs and AFTER at least 2 proven quarters. If we did that then with a rich PE of 25, MU should be priced at $25.00 after two consecutive profitable quarters totaling at least 50 cents a share. This market is insane. Just totally insane.

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