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Politics : Ask Michael Burke

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To: Freedom Fighter who wrote (45109)	1/31/1999 11:15:00 AM
From: Mike M2	Read Replies (1) of 132070

Wayne, I believe it is a short squeeze. The analysts who follow Micron have a history of being overly optimistic to put it mildly. Rick Whittington -formerly of Soundview Financial and Dan Niles are two that come to mind. Their earnings forecasts for 1997 were off by a mile ( I don't want to misquote them so if anyone has them handy please chime in ) . Nonetheless when Maria Bartiromo of CNBC quotes Niles current forecasts you don't hear about his poor record of predictions. Micron is a stock that ignores fundamentals but not forever. The Micron optimists say Micron trades on expectations for the future yet the over the years the optimistic future expectations used to rationalization Micron's lofty stock price have fallen short when the future becomes the present. Mike

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