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

To: JungleCat who wrote (50743)	3/13/2000 11:12:00 PM
From: Land_Lubber	Read Replies (2) \| Respond to of 53903

Greg, The current share prices of both MU and RMBS are not justified by the actual business and outlook for the business, in my opinion. I have felt this way most of the time since MU was last at $20. As you point out, this view has not been rewarded in the marketplace, so I have pragmatically gone long off and on. However, a lot of smart people have me convinced that market valuations always eventually come back to a fundamental basis; which is why I too frequently lean to a short position on MU and RMBS. That has only rarely made money for me, as the "eventually" clearly hasn't arrived yet. I personally have nothing against MU. I think it is a great company. It is in a very tough business, however, and I believe the share price is currently far overvalued on the basis of the fundamental business. RMBS is another story. That is much more of a gamble (either way) as it is too soon to say for sure whether their business model will be wildly successful or a total bomb (hard to see middle ground there). If you have been long MU from $20, congratulations! I admire your foresight and market acumen. Perhaps I can learn something from your experience. The bottom line as a trader: we must do what works. Land_Lubber