SI
SI
discoversearch

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 -- Ignore unavailable to you. Want to Upgrade?


To: re3 who wrote (46465)6/20/1999 2:30:00 PM
From: Skeeter Bug  Read Replies (2) | Respond to of 53903
 
ike, i know my fundamental outlook has been right. i also know a bunch of half wits w/ cash took this bow wow to $80. it was so obvious to me that the 12 cent q would be the highlight for a while that i posted it on this thread several times the only thing between $20, $80 and back to $20 w/b about a dime in eps.

if these folks are so stupid as to

1. bid this stock up in light of the above
2. bid this stock up when prices have collapsed 60%+ since the beginning of the year
3. accumulated an extra 3-4 weeks of inventory
4. publish estimates anywhere near profitability after this freefall in pricing
5. believe mu after all the guidance that not only has been wrong - but dead wrong
6. put up with mu's misleading statements (demand remains strong is a meaningless statement when supply crushes said strong demand)
7. publish that mu will be earning $1.5 billion in cash in 2 years
8. buy bonds that don't require interest payments for a long time (now that is dumb!)

etc. ad nauseum, i'm not convinced that mr market will respond in the appropriate manner. believe me, they should if they had any sense whatsoever. i do expect them too. however the rewrite the depths of dumb so often that it is hard to predict when a single synapse will connect and start some sense flowing.

i'm loaded with july 40s. i have some july 32.50s and also some oct 37.50s. da gills be full. i'm just hoping for a loss of 35 cents or so. that w/b a nice surprise. my official guesstimate is and has been -$0.15.

i see the professional (sorry to disrespect professionals everywhere by using this term in this context *) analysts are slowly catching up to me... again ;-)

i would like to see mu drop $2-$3 before eps are released. that w/b a good tart.

* there are good analysts, however, as a whole, they utterly suck, they are manipulators pure and simple or they are unable to think for themselves and they let a few scamsters and / or nitwits lead the way and they just follow w/ their tail between their their skinny little legs. in any case, it is utterly pathetic.