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

To: DavidG who wrote (28255)	2/12/1998 6:31:00 PM
From: Stephen M. DeMoss	Read Replies (2) \| Respond to of 53903

You may be correct about your cautions but your tone makes you sound like you are HOPING rather than predicting. My instincts is that the reason the stock pulled back while the rest of the market surged at the end, is simple. Greenspan and others today said the IMF must continue funding Asian markets to stop worldwide economic problems. No one has confidense that the IMF will pick and choose (use much discretion) in this loaning. They will give in to arm twisting and indiscriminately pass the money out, INCLUDING to Dram companies. Thus the mass dumping will continue and Micron now has to compete when they are already losing the battle. Re-read Larry's post too. The technicals may be against you also. Personally I think Mu is overvalued here and am short. However, Mu has never traded (in my opinion) on fundementals, so I am prepared for Mu to do as you say, go to 40+. Steve D.