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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (19800)3/14/2002 2:38:50 PM
From: Oral Roberts  Read Replies (1) | Respond to of 23786
 
Good sell on MU.

14:32 ET Micron Tech: Niles cuts earnings estimates (MU) 32.50 -1.60: Lehman analyst Dan Niles reduces estimate for MU's just completed FebQ to ($0.05) from $0.00 and for FY02 to $0.01 from $0.17. Believes Micron bit production during Q2 was less than anticipated down closer to 20% (vs 10%) and bit shipments down close to 10% (vs up 5%).



To: Jorj X Mckie who wrote (19800)3/14/2002 2:42:21 PM
From: Don Pueblo  Respond to of 23786
 
I got off a big position at 23.40, held it until it looked like it might jamb up, and covered for a dime.

Next I looked, I was trying to get back in at 23. It turned into a big mental thing at that point, culminating in me making a comment to myself out loud, which I took to be a warning flag.

I think that stock is worth about a dollar.


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