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

To: Patrick Koehler who wrote (25194)	12/13/1997 11:50:00 PM
From: TREND1	Respond to of 53903

Patrick and DavidG What I am about to say many will not understand. (1) 3 months ago the earnings came out and "some how" MU knew that the earnings about to come out next week were going to be bad. (2) So MU has dropped in price. (3) That is history now. (4) History is the past. (5) Stocks do not move on the past. (6) MU will move on the future earnings due in 3 to 6 months. (7) MU will also move as the other Tech stocks move. (8) In the near future (days, not weeks) MU "could" go down to 19 before the 35% band on the 50 DMA would prsent a "high" probability to a bigger drop. (9) The most important chart formation is the 4 red candles in a row. This has created so much "pressure" that a short covering rally will occur if Friday's high of 23 9/16 is exceeded. (10) Surprise ! MU's earnings are 10 cents ! But will the big fund players be surprised ? I do not think so ! (11) Yes ! MU will either go "up" or "down" on the earnings announcement ! Larry Dudash