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

To: Skeeter Bug who wrote (27633)	2/3/1998 12:01:00 PM
From: John Graybill	Read Replies (2) \| Respond to of 53903

>>is this latest pimp-a-rama real? Oh yes, this is indeed a real pimp-a-rama! :-) Let's look at a summary of the upgrades (from yahoo's news page at biz.yahoo.com ): 02/02 Prudential UPGRADE 01/21 First Boston UPGRADE 01/13 Montgomery UPGRADE 01/12 (10-Q filed) 01/07 Lehman DOWNGRADE 01/06 Jensen Sec INIT NEUTRAL 12/22 Brown Bros UPGRADE 12/18 Goldman Sachs UPGRADE 12/18 Merrill Lynch DOWNGRADE 12/15 Robbers & Stealers DOWNGRADE We know Merrill Lynch and Robbers & Stealers are crooks, so their "downgrades" in fact enforce the rest of them. It looks like everybody who's posted recently is "on board" except for Lehman. There are a few potentials remaining, by the way: Morgan Stanley, Salomon Bros, Hambrecht & Quist, and Smith Barney are familiar names that come to mind. However, I have the briefing.com upgrades/downgrades pages going back to July 1997 and only the firms in my little table have expressed an opinion in that time period. So is everybody in who's going to be in? I can't say for sure but when we see this many really jumbo volume days on each upgrade/downgrade, and the 10M day about two weeks ago when a whole lot of people got scammed by Kurlack's second poor-mouthing of MU in this up-cycle, I have to conclude that some real change in ownership of the stock is underway. Plus, anybody that hasn't had an opinion on a stock of this size (market cap, shares outstanding) and volatility during the time and price range in question probably isn't in going to cover it at all. I see MU is up, straight up, that is, 2 points today, and Mr. A. hasn't even started speaking yet. Let me write the blurb tonite for your favorite "Today's Big Movers" column: "MICRON TECHNOLOGY was up 2 1/2 points today on an upgrade by Prudential. Traders also reacted positively to comments by CEO Steve Appleton, who testified in Congress today on the IMF bailout bill." (They won't mention that it's the vote that matters, not his testimony per se.) I'd like to see one of the congressmen wave the Monkey Securities write-up in front of Appleton when he's warning them about how MU is about to go out of business. "Now Mister Appleton, if you are about to go about of business, how could you give such a "positive presentation" just last week?" BTW, as I write this, C-SPAN is showing budget stuff, not the IMF hearing.