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Technology Stocks : Micron Only Forum
MU 230.24+2.5%Nov 26 3:59 PM EST
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To: A. A. LaFountain III who wrote (44993)4/12/1999 12:12:00 AM
From: Carl R.  Read Replies (3) of 53903
 
Thanks for a wonderfully objective note. Unlike the forever bears that play here, you have been around long enough to know that the market has peaks in addition to valleys. Now the mystery question is whether or not you, or we, can correctly identify the beginning of the real long term uptrend. And a related question is of course whether the news immediately prior to the beginning of said uptrend will be sufficiently bleak in the short term to make the price attractive.

I still hold to my projection of one more severe leg down in the prices this spring, followed by flat to gradually rising prices for the next several years, much like 1986-89. Accordingly I am calling for the price of MU to fall back into the 30's, followed by a rise to 100 within 12 months.

Thanks again for a very fair, objective piece,

Carl
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