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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (14258)12/18/2001 3:17:43 PM
From: Logain Ablar  Respond to of 99280
 
Hi Zeev Hed:

Happy Holidays. On a separate note when you have a chance can you take a look @ MCDTA. It competes with BRCD, QLGC, Inrange and is still majority owned by EMC. It looks like momentum is broken for now. In current environment I have it retesting 19 area and maybe down to 15ish but would like a better TA read.

You may want to look to adding this to the Q. Maybe as a replacement for BRCD since I think they are taking over leadership. Its been as strong as any of the other storage companies in this run.

PS - in this market strength of late do you think we'll have another vomitt day in the near future. It looks like your Jan scenario will have to come into play as your Dec is not.

Best & TIA

Tim



To: Zeev Hed who wrote (14258)12/18/2001 3:37:58 PM
From: Joe King  Read Replies (1) | Respond to of 99280
 
Zeev, Since I can only trade once a month should I be looking to get back in on the next down turn or should I wait to see what Dec brings? Thanks,



To: Zeev Hed who wrote (14258)12/18/2001 5:16:49 PM
From: Sully-  Read Replies (2) | Respond to of 99280
 
Micron Technology has 2nd-qtr loss

SAN FRANCISCO, Dec 14 (Reuters) - Micron Technology Inc. (NYSE:MU - news) on Tuesday reported a fiscal second-quarter loss, as the No. 2 memory chipmaker continued to be hurt by plunging prices and a glut in capacity.

For the quarter ended Nov. 29, the Boise, Idaho-based company said it had a loss of $265.9 million, or 44 cents a share, compared with year-ago net income of $352.2 million, or 58 cents a share. Sales fell to $423.9 million from $1.57 billion.

Micron Technology said the results included $173 million in inventory write-downs.

Micron Technology was forecast to report a consensus loss of 39 cents a share, within a range of a loss of 26 cents a share to 75 cents a share, according to an analyst survey byThomson Financial/First Call.

Shares of Micron Technology rose $1.11 to $31.81 on the New York Stock Exchange before the report, which came after the close of regular U.S. trading. The stock has fallen 12 percent during the year to date.

biz.yahoo.com