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

To: TREND1 who wrote (29139)	3/1/1998 5:55:00 PM
From: Richard Russell	Respond to of 53903

ld, Once again as you so often do you have set up a straw man and then knock him down showing how clever you think you are. <<>>The market collectively understands the fundamentals better than the few here. << What is it with your bigot obsession to classify people by some of the post they make. Where in that statement or my disagreement with it do see the words"bull", "bear" or for that matter"mu"? I was not disagreeing with Srid because of his mu bull stance but as I so eloquently put it............ >>IMO that statement is one of the most assinine you have posted. Its been shown over and over again that the theory of an efficient market is completely false. The market does not "understand" anything. It reacts and responds to host of many factors and variables,fundamental, technical, psychological, political. Forces with different agendas are constantly working and fear and greed reign supreme. To suggest that the "market" is somehow an all knowing Poobah that has an understanding of fundamentals makes what little credibility you have on these boards, evaporate.<< You take a part of that statement and present it as totally different from it obvious intent. If you want to attack me for my opinion fine but don't misrepresent that opinion and then attack the misrepresentation of it because it is easy to do so. I have cornered you with a number of specific questions over time and you have a penchant for either ignoring them or talking some bull bear boom boom trash to deflect your obvious inability to respond. You add plenty off good contributions to this thread but some of you shooting from the hip is both tedious and annoying. >>The current bid and ask of MU is reality The current bid and ask of MU is the market<< Gee ld tell us somthing we don't already know, Has anyone disagreed with that statement? Don't think so. Then why say it? >>RR...I just would like you to go to the NYSE floor on Monday and say: I am RR, from the Micron BB and am willing to buy Micron stock at $19, I think that market would laugh at you ! << Wake you ld the market dose'nt "laugh" it doesn't "understand", Mu does not "know" anything. It just is. It just reflects what is. I know your prospective is different seeing as you have a close personal relationship with a computer. >>And I ask you ! What is wrong with a 77% long profit in MU ? A 77% long profit (22 to 39) doesn't sound bad compared to a MAX 100% profit for a bear, assuming you short MU and it goes to ZERO !<< And I tell you nothing is wrong with a profit. Did you ever see me post that one should never go long on mu and make a profit? NO! never said that either. To tell you the truth I don't really know what the hell you're talking about. You sound pretty dazed and confused in your rantings. Maybe it because you're short now and you're gonna have to trade bearishly for a while to make a profit with mu and I know how that F%#ks up you mind.

To: TREND1 who wrote (29139)	3/1/1998 6:16:00 PM
From: yard_man	Respond to of 53903

Did you get that 77%? You keep talking about it, but you trade in and out, in and out ... Course if you only got 50% of it -- you'd have better performance than a lot of day traders, but the risk you took to get it is another matter altogether ...

To: TREND1 who wrote (29139)	3/1/1998 8:27:00 PM
From: DavidG	Read Replies (5) \| Respond to of 53903

Larry, A lot of good stuff this weekend. The fundamentals are starting to really collect in the old stuff storage places. Won't have much room for more stuff if this keeps up. I wonder if we could get some agreement from the "forever bears", the "permabulls" and everybody in between, now that some pertinent facts are really starting to come out. I believe there were some important things on both sides that maybe we could all try to come to understanding about...if not an agreement(Yikes an agreement???.... OK I had a little bit too much red wine with my Pasta this evening:-). If nobody minds I'll make a list called Bullish and Bearish views on MU. Here it goes: BULLISH FUNDAMENTALS: ____________________ 1) MU Low cost Producer of DRAM, if not the lowest(I know 2nd part is PUSHING it.) 2) MU is Making money at current Dram prices given Manufacturing cost ~ $3 3) MUs manuf at .3 mu is as, if not more, efficient than Japan and Korea 4) MU now at 25-30% 64mb wafer starts 5) MU yields 1000 DRAM wafer to 500-700 by others(not sure of numbers) 6) Large short position...25% of Float 7) MU in better position on 16mb than 64mb, since crossover is delayed to maybe 3rd or 4th quarter now MU. 8) MU an American co which can fight anti dumping and maintain american contracts over SEA CO.s 9) DRAM production in SEA is being reduced b/c of CURRENT financial woes 10)DRAM demand will continue to increase b/c of WINDOWS 98 being release shortly, New INTEL architecture, etc...(....please add to this since there is a lot) BEARISH FUNDAMENTALS: _____________________ 1) Korea's currency less than half what is was six months ago...drops cost 2) IMF will prop Banking system which will filter money to chip co.s 3) Korea got an OK on Anti dumping from International Org. 4) DRAM still dropping too quickly b/c of SEA needing dollars 5) American CO.s such as INTEL, IBM see a need to work with SEA CO.s to keep stability in DRAM prices 6) Large Short Position which shows institutional concerns 7) SEA in better position on 64mb than 16mb 8) Pentium IIs are in more need of 64mb SDRAM which uses 64mb chips...which is moving the 64mb market independent of Crossover 9) Korea is NOT going away and Taiwan wants in more than they now have 10)MU costs, over and above Manufacturing costs, are growing and increased debt must be included soon...impacting bottom line...also MUEI reorganizing incurring additional costs. Now I know I skipped an awful lot of fundamental (just got tired but at least I wrote 1 bullish for 1 negative) so don't attack me. just write one-liners and post, then I will cut and paste onto list. Now to keep it organized...I will make ONE rule. If anyone wants to participate...and of course it is optional.. they must do the following: RULE: For every Bullish comment you must also provide one bearish comment. This will slow the note taking on my part and keep everybody thinking. If you don't like my idea you can feel free to critcize...believe me I am use to it by now.<vbg> Good Luck Trading DavidG PS: If some people dislike this idea...rather than cluttering this thread...somebody please make me another, called MU Fundamentals and I will update there... I do not know how to start a thread.