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

To: Knighty Tin who wrote (28419)	2/15/1998 6:46:00 PM
From: MR. PANAMA (I am a PLAYER)	Read Replies (1) \| Respond to of 53903

MB mkts closed tom .. save your fire fer tom night..

To: Knighty Tin who wrote (28419)	2/15/1998 7:34:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 53903

Mike, you of course maybe right, and those people buying and selling millions and millions of shares of MU are absolutely clueless. Maybe all the buying in micron is part of the index matching game? <VBG> However, MU is not an isolated incident here, in the last month the whole semi and semi equip. sector have moved up drastically, the SOX broke back above 300, and many of the stocks are making multi months new highs. One ignores such a sector strength at his own peril. I read somewhere, that we are now in the fifth month of a sub 1 BTB ratio in the semi, and while the decline of the BTB has been mild (I think that so far the recent numbers are around .97), I think that it is possible to attribute the recent sector rise to looking "over the valley" when the BTB will go back above 1. It always has, and I see no reason this time should be different. Zeev