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 Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (25616)	12/17/1997 10:39:00 AM
From: DavidG	Read Replies (4) \| Respond to of 53903

Skeeter, >> $23 is a 100 FORWARD pe. that is absurd. << I think the high PE is saying thay the market believes it will do much better in the near future. Stop being so negative on MU. They showed you that they are a good company that is able to reduce costs, make quality products and increase market share while in a very lousy sector. If the sector improves MU will fly. Why don't you psych yourself up for a great ride too.<g> Remember MU does not go straight up or down, so take advantage of it. Good Luck Trading DavidG

To: Skeeter Bug who wrote (25616)	12/17/1997 11:41:00 AM
From: mu_basher	Respond to of 53903

Skeeter I fold. Sold my MUME for a small profit. The blue sky scenario too much. I don't think your going to see the teens. Not even the 20. Listen to CNBS. WOW everything, and I mean everything has a positive spin. Greg

To: Skeeter Bug who wrote (25616)	12/17/1997 12:30:00 PM
From: TREND1	Read Replies (1) \| Respond to of 53903

Skeeter This article is for you ! MICRON.... Okay, I give up. I'm out of here. Sayanora. After the market closes yesterday, the Boise DRAM king announces quarterly earnings won't be nine cents as expected; they'll be four cents. Oh boy! You KNOW the stock is going to get KILLED today, right? WRONG!!! (Hey Jim Cramer doesn't have an exclusive on this word, okay?) The stock actually was up over a point for a 5% jump! What's up with that? The whisper number. Analysts had been whispering that nine cents was too high; they already knew it would come in lower. That and the tech rally was so powerful today it carried MU right into positive territory. Still, that stock is at $23, down from $60 in August!!! (You own this stock? Remember the Van Halen tune, "Running With the Devil"?)