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Technology Stocks : Micron Only Forum

MU 237.16

+4.6%

Dec 5 9:30 AM EST

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To: Patrick Hennessey who wrote (42553)	1/28/1999 10:57:00 PM
From: Chas	Read Replies (1) of 53903

What mushrooms are you ingesting, LG would have to go complete melt down, to push Mu to 100. February seems to be a bit soft for DRAM every year. It will be an interesting month for sure with Hyundai trying to figure out the LG deal and make it work before the thing self destructs, and Rambus I read some rumors there maybe some launch issues. Meanwhile Intel keeps the pricing pressure on AMD on CPU's so it keeps the market alive and demand. I sold MU today at the close on the hopes that it will have a tough time once again staying at this level and will drop back to the high 60's.(would appreciate someones great TA analysis.)I admit I sold a bit early, but I have only had the stock for a few days at 68 1/8. OEM pricing is mixed with PC100 in balance with supply and EDO in a very tight situation with 16Mx4's at certain server related customers. So a bit of PC100 softness is offset by LG, but still a slow month overall coming up seasonally. I cannot imagine MU going to 100 under this kind of situation unless something dramatic happens like a resin plant explosion.<ggg>. I would appreciate someone in the know for their view. I would like to buy some puts, once I can see the momentum swing back to the downside. Good trading.

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