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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (65888)8/6/1999 12:49:00 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 132070
 
>>I see MU disappointing greatly when they lose money this quarter.<<

hey, estimates are only for a loss of $70 million this q. i think da bulls have low expectations and too much money.



To: Knighty Tin who wrote (65888)8/6/1999 12:51:00 PM
From: put2rich  Read Replies (1) | Respond to of 132070
 
<<I see MU disappointing greatly when they lose money this quarter. As usual. And the stock in the low 30s/high 20s by Oct expiration. The only offset to this is the Xmas lies, which are always dangerous. >>
I think not. Just hope the rise of interest, heavy debt will slow the Xmas shopping. The next lie/truth is European and Asian sales. What is the highest MU can go? I should have coverd my short from small gain now instead a loss but I can hang on since a small amount.
Regards,



To: Knighty Tin who wrote (65888)8/6/1999 12:52:00 PM
From: Jeff Leader  Read Replies (3) | Respond to of 132070
 
Mike - I'd be careful. The analysts have now silently lowered the bar to -.19, and last quarter proved they can drastically lower the bar in the last 2 weeks before earnings report without getting caught.

So that, combined with the recent uptick in spot prices leads me to believe that they'll meet or exceed expectations. And 98 comparison is easy at -.42.

The POS is way overpriced here, but they seem to have a lot of fans on the street right now.