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Technology Stocks : Micron Only Forum
MU 237.94-0.2%Nov 7 9:30 AM EST
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To: Skeeter Bug who wrote (42435)1/22/1999 9:43:00 AM
From: Sridhar Srinivasan  Read Replies (3) of 53903
 
Skeeter:

It is apparent that Micron the stock is getting ahead of itself. While I still am a long term bull on the chip market (and MU because of its production efficiencies/ low cost), I do not see the type of demand growth to justify current valuations or the analyst hype (Dan 'dont-know-nuttin' Niles pegs MU market cap at close to 60 Billion Dollars in 2001). While I still think that your April puts are toast (there is too much money chasing stocks right now), I think a longer term put position (like Oct or Dec. 50s) should pay off quite well.

Of course, if we see healthy demand growth in PCs in 99 and DRAMs (given the significant slow down in capacity growth), you might have to do a turn about on MU's prospects and become a BULL (did I say something blasphemous? -G-)

Best Regards,

Sridhar
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