Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: phbolton who wrote (46713)	6/24/1999 11:45:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

avg trade size 25% above normal. big boyz selling mu... who paid $43.50 for this dawg today? bid dropping... two big trades at the bid - $41... $41 punctured... mms tryin' to dump at the ask... nobody buyin' (shoulda listened to us bears over the last few weeks! ;-) as larry would say... the trend is dddddddown! :-) mo mo guys trying to start an up trend now... huge trade at the bid ruined the brain dead momo attempt to jump start this bow wow... and another one!

To: phbolton who wrote (46713)	6/24/1999 11:48:00 AM
From: John Graybill	Respond to of 53903

So just what does this "buy" rating mean? Ah come on ph, you know what it means: "don't dump it all at once, people, we're trying to short the hell out of it!" Seriously, it is laughable. "Here's a stock that's going to lose money next quarter too, that's where you should put your money today." sheesh.

To: phbolton who wrote (46713)	6/24/1999 11:55:00 AM
From: zsteve	Read Replies (1) \| Respond to of 53903

RE -- >>PaineWebber analyst John Lazlo said he would maintain his ''buy'' rating on the stock but had revised his fourth-quarter and full-year earnings estimates. << this is called new era analysis from a new era analyst. think about this: if he downgrade MU today, what will he tell his clients who bought Mu at 38 three days ago?

To: phbolton who wrote (46713)	6/24/1999 2:09:00 PM
From: benwood	Read Replies (3) \| Respond to of 53903

Doesn't an analyst's BUY rating usually mean they are hoping to handle some financing for the company in question and thus get a big fat cut of the proceeds; and/or their own investment firm is saddled (or took) a substantial position of stock in the company in question and needs to get rid of it still? I figure that, for the most part, analysts ratings are completely self-serving for their investment firm. Am I insane or what?

To: phbolton who wrote (46713)	6/24/1999 3:29:00 PM
From: Thomas G. Busillo	Read Replies (5) \| Respond to of 53903

ph, IMHO it should read: "Paine Webber ostrich John Lazlo pulled his head out of the sand long enough to cut his numbers..." If he's looking for -0.14 v. +0.26 for Q499, that's a 0.40 swing. But if he's now calling for -0.35 v. 0.13 for FY99, that's a 0.48 swing. So, wouldn't that mean his Q399 estimate had to have been something along the lines of 0.08 above the actual? Niles pulled the same garbage. Now calling for -0.33 next quarter and -0.48 for FY99 and 0.20 for FY00. "We would use the latest rally to sell the stock with risk to the low 30's." It's a long-term attractive, but the guy writes a VERY bearish report in which he recommends selling the stock? I love this line: "Though we expected to cut estimates sharply following the conference call..." Uh, Dan, why would that be? Sir, isn't true that last quarter you jacked up your estimates the day before they reported? Can you please explain why this time around you "expected to cut estimates sharply" AFTER they reported? Did you think they would report +0.07/share? Oh, and also Dan, can you clue us all in on when MU will be paying their quarterly dividend? See, I've noticed that your reports have consistently made the representation that MU has a dividend of "0.20". I've also notice that what you are representing as the yield has changed as the stock price has changed. The numbers don't change themselves do they Dan? I mean, you do control your work product don't you? So please, when can your clients expect to get that dividend payment? And Mona, well, what can you say? I guess her lowering her price target 30 pts. wasn't "earnings-driven" either, although one might note that sandwiched between the latest two Gruntal "Strong Buy" reiterations was in fact an earnings report and conference call, but let's not jump to any hastey conclusions. Good trading, Tom