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

To: TREND1 who wrote (23407)	11/1/1997 12:38:00 PM
From: Stockwizard	Read Replies (2) \| Respond to of 53903

Larry: The problem with watching charts is that stocks follow patterns until they finally don't. Boy, that sounds brilliant, but it's true. About eight years ago, I bought a stock at 21. I traded several times at around 25 or 26 until it broke down to 21 again. I picked it up and later averaged down at around at 12. When it was at 2, I averaged down again. I sold at around 4 1/2 for a big loss... but the stock crashed to 0 after some time. I doubt MU will do this. But it could easily creep down into the teens again. I am sure that you have heard 'past performance is not a prediction of future performance'.