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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (12802)	1/8/1998 1:44:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 18056

Pete, Fred Williams? "Is the smart money buying micron?" remeber him from Prodigy. Pete with Micron bad news is good news and good news is great news. Mu bulls don't care if Micron loses money as long as the stock stays up. Earnings are irrelevant if you are long term oriented. The CNBS mantra is think long term. James Grant says overvaluation never stops a bull mkt nor does undervaluation stop a bear mkt. Ain't that the truth. Pete see my posts yeterday? with bearish links for bearish people ho ho ho Mike

To: MythMan who wrote (12802)	1/8/1998 6:19:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 18056

Pete, careful, MU broke through, what is in my opinion, a very important resistance level. It could be a short covering rally due to a news release (which I was unable to confirn\m) that Samsung will cut 40% of its dram capacity. There is also some firmness in the dram, market. If these news are correct, it quite possible for MU to start to dance to its own tune for a little while, while the rest of the market settle to some levels that are a little more reasonable. I am not a bear on MU at this point, I am not a bull either (but if I had amore snaguine on the market in general, that would be the time I would convert to an MU bull). Zeev Zeev