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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Steve Robinett who wrote (50738)	3/15/2000 12:12:00 AM
From: Rob S.	Respond to of 53903

I'm surprised that MU shot up earlier today. I agree with your feel for stock - unless they blow away the numbers it is likely to move down after earnings IMO. A few days ago one of the analysts upped his target for Micron with comments that memory prices were moving up. Yes they moved up - for about five days. Then they trended right back down and prices have moved lower for a broader range of memory configurations since then. More recent analysts comments that they upped ratings because memory prices had stabilized makes little sense - they are now 50%+ lower than they were at the first of the year and likely to go lower as we head into the slower business months of the year. Let's hope for a euphoric rally into the earnings period for the semis - a time to buy puts and take profits.