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Technology Stocks : Micron Only Forum
MU 224.54+0.3%3:59 PM EST
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To: Earlie who wrote (42722)2/3/1999 7:52:00 PM
From: DavidG  Read Replies (2) of 53903
 
Earlie,

:-)

No need to take it personal unless you are the only one posting over there.<g>

In any event the NYT was correct in criticizing MU's management for its improper behavior... probably b/c of their aggressiveness to work this stock price higher. I also agree there should have been disclosure of the mistakes in the way revenue was reported.

...but Earlie you have a tendency to over-react to the results kind of like Fleckenstein with his comments about the "next SEC investigation including MU".<g> Yeah right like they are the only company trying to keep their stock momentum going and reluctant to issue any mistakes or negative news.

Remember something my friend, MU still earned the dollars they reported, which was better than expected, and the next quarters are looking better and better b/c the chip prices are holding firm while MU finishes upgrading the TXN fabs to .21 microns. They are also improving their yields as time goes on as well as gaining market share. This all goes straight to the bottom line.

From a technical perspective I think MU is ahead of itself and I am expecting a pullback soon to maybe 60...but then a stronger move up to test the all time high of 95. NOT a retracement back down toward the single digits that you have been forecasting for the past 2 years.<g>

Good Luck Trading
DavidG

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