Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Electronics (MUEI) -- Ignore unavailable to you. Want to Upgrade?

To: LWolf who wrote (2674)	12/17/1997 9:53:00 AM
From: Harold S.	Respond to of 4074

I don't know about everyone else but all IBD is reporting is the past. All the big boys knew this already which is why MUEI only traded just over 1 million shares on the day after such horrible earnings. All the big boys have already sold this stock and they aren't jumping back in jsut yet. Some retail selling is still going on but as I posted earlier, the P/S ratio is just too low and the stock remains in play for a buyout. I strongly believe that once the year is over and January arrives that there are a lot of fund managers that will be diving back into this baby. First, because there is always that "January effect" as they let that money loose again, and second because I believe it will be enhanced this year by the Nasdaq's recent plummet and the Asian worries. The new year will bring good things to this stock and my boat is already loaded as we speak!!