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

To: Land_Lubber who wrote (51364)	6/1/2000 11:56:00 PM
From: jhg_in_kc	Respond to of 53903

I have a hunch Dan Niles has laid out a very clear scenario: there will be a shortage of what MU sells (DRAM) for the next two years, prices of the product will go up, demand for the product will also go up (Windows 2000 and higher proportion of servers in the marketplace), customers will be allocated the product. This is all very simple. Higher demand, no increase in supply. Niles says quadruple is possible under these circumstances. Hey, a double or a triple is fine with me. This company would have to be run by morons not to go up under the circumstances Niles describes.

To: Land_Lubber who wrote (51364)	6/2/2000 12:03:00 AM
From: jhg_in_kc	Read Replies (1) \| Respond to of 53903

The bears got hit with a napalm bomb. A report from the National Association of Purchasing Managers - which traders refer to as "Napalm" - indicated that six consecutive interest-rates hikes are starting to slow the growth of the U.S. economy, lessening worries about future rate hikes and the sustainability of recent stock-market rallies. "Size! Size! Size! All opening on the buy side," a pumped floor broker at the Chicago Board Options Exchange said early Thursday. Firms, identified only as major Wall Street investment banks, bought thousands of June and July call options on leading technology and large-capitalization stocks, including America Online Inc., Cisco Systems Inc., General Electric Co., Micron Technology Inc. and Microsoft Corp. The options orders, sometimes as large as 5,000 contracts, were the equivalent of hundreds of thousands of shares of stock. "Three days ago everyone was talking about the market getting smoked," the floor broker said. "I don't know what changed, but everybody's opening" positions. The fact that major firms were willing to wager millions of dollars in new positions on technology stocks was viewed as a sign by some traders that the stock market's rally was sustainable. Of course, all assumptions are up for grabs if Friday's release of monthly unemployment data is stronger than expected. "We need another week to really see," a CBOE floor trader said, though he was encouraged that options and stock volume accelerated Thursday. "If the volume catches up, I think the rally will be real," he added. from Dow Jones today.