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

To: The Vinman who wrote (27775)2/4/1998 4:13:00 PM
From: The Vinman  Read Replies (3) | Respond to of 53903
 
On a technical basis, Micron is overbought on RSI. It tested 10/13/97 close of 38 5/8, which represents current resistance level. MU should retreat from here, probably down to support of 27 1/2. Fundamentally, MU should be a couple of bucks above IDTI, somewhere in the mid teens, though that probably won't happen, since as soon as Dram prices move up one tenth of one cent, all the analysts will no doubt upgrade.

Vinman



To: The Vinman who wrote (27775)2/4/1998 4:25:00 PM
From: Kerry Phineas  Respond to of 53903
 
Vinman, I think its pretty obvious that there aren't 42M shorts anymore. Would be interesting to see just how many there are now. The big question (to me) is just how long the squeeze can go on. Couldn't see long term investors wanting to get in.


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