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Technology Stocks : Micron Only Forum

MU 241.15

-4.7%

3:59 PM EST

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To: TREND1 who wrote (44146)	3/24/1999 9:19:00 AM
From: Steve Robinett	Read Replies (1) of 53903

Larry, Yeah, but I still made money on the calls when MU jumped up to about 60 on the Friday following the post you regurgitated--which is of course the only thing that actually matters. And part of the post is still valid--an intermediate-term downtrend with the potential to bounce back toward the moving average, currently at about 55-1/2. On a fundamental note, why is everyone on this thread so convinced TI will dump its 40-odd million shares all at once after March 31st? Unlike owning a chip fab, which costs money just to own, the carry costs on TI's equity interest are zip. They can wait--as they themselves said--until the price is right and they recoup 16 years worth of losses, which could be anytime. Best, --Steve

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