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To: Bharat H. Barai who wrote (49141)10/10/1999 6:47:00 PM
From: Rio Jangada  Respond to of 53903
 
My supercomputer indicates that MU will rise this week. 80 is likely.
The critical data points are:

1)MU stock broke last week. OK, but Friday showed that it can rapidly mend.
2)DRAM spot market bubble broke. OK, but DRAM contracts remain high and well
above production costs,
which of course continue to drop.
3)MU has taken considerable market share from competition
by acquisition and at a time when prices were near their lows).
4)Not much on the economic news front, inflation and
interest worries may subside temporarily.
5)Earnings are coming out Intel and Motorola on Tuesday,
many others. Very few warnings this quarter and tech
indexes are approaching all time highs. Absent anything
weighing it down the rising tide will lift MU.

My supercomputer considers everything and it says back
up we go.

RJ



To: Bharat H. Barai who wrote (49141)10/10/1999 11:42:00 PM
From: Chas  Read Replies (1) | Respond to of 53903
 
I agree with your post, but MU does not always go the way you think it will. Thats been the tough part. Its been one heck of a ride, but now it could be a bit uncertain. There are lots of Skeeters on this site on the short side.
I have to believe with the OEM price continuing to go up and limited supplier capacity expansion in the near term MU could see some swings up and down. Maybe thats what we need to have some fun as long as you are on the right side of things each time.
Good trading.