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Politics : Ask Michael Burke
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To: Stefan who wrote (52962)3/22/1999 3:59:00 PM
From: Earlie  Read Replies (1) of 132070
 
Stefan:

The stock is down from $81 to $50 in a few weeks. There will be some nice bounces.

Also Our Danny Niles came out this A.M. and said nice things about the company and its earnings. He thinks $0.10. We'll see. As for myself, I'm enjoying the volatility. (g)

Irrespective of what the earnings are (i.e., irrespective of the accounting sleight-of-hand), the fact remains that their commodity Dram products are in glut, and the prices are once again falling. That, plus a ton of selling to come, keeps me relaxed.

Best, Earlie
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