Micron Only Forum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum

MU 236.48

+2.7%

Nov 28 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TREND1 who wrote (74)	5/23/1996 7:03:00 PM
From: Fred Fahmy	of 53903

Larry, This estimate is so rediculous it doesn't even merit consideration. MUEI alone may contribute this much to the bottom line. I believe it was ML who downgraded INTC a couple months ago causing it to drop 3-4 points in one day. A few weeks later INTC announced solid earnings and the stock went up 15+ in the next few days. My point is that ML (and many other brokers are clueless when it comes to forecasting tech earnings). The same brokers who are now projecting 1997 MU earnings of less than $1 were projecting $10 just nine months ago! Call me cynical but I honestly believe that brokerage firms often say things just to create buying opportunities for themselves. The day ML downgraded INTC I got on the INTC thread and said that all they were doing was creating one last buying opportunity before earnings were reported. It may be a coincident but that is exactly how it played out. I am so tired of rediculous forecasts. The same thing goes for SIA and Dataquest projections. One day these guys predict one thing, a few weeks later they change their forecast by 100's of percentage points. These guys are throwing darts and they're not even hitting the board!!! FF

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next