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Technology Stocks : Texas Instruments - Good buy now or should we wait? -- Ignore unavailable to you. Want to Upgrade?


To: robert w fain who wrote (2511)12/16/1997 1:04:00 AM
From: bundashus  Respond to of 6180
 
I went to the MU thread. Mixed reaction to MU's earnings report. It appears that MU is up in after market trading.



To: robert w fain who wrote (2511)12/16/1997 9:22:00 AM
From: Charlie Smith  Read Replies (1) | Respond to of 6180
 
Bob:

This analysis, from the previous post, seems as good as any:

The key to today is how the market treats MU's earnings release. MU was down in early European trading per cnbc but not by a heck of a lot
(though I now just heard Joe Kernan say that he saw a 20-ish price on
Instinet, albeit little/no volume). TXN was up a quarter in Europe. IMO if by mid-late this morning you see only a muted negative performance to MU's stock - i.e., a non-tank - then this means that most of the negative news on the semis has already been built into prices, and that therefore TXN's 2-day doji does in fact indicate a reversal. If you see MU heading deep south, however, then forget about the possible reversal in TXN.

Message 2976484

Remember Bob, I'm no good at the day to day game, so I don't play.

Happy holidays,

Charlie