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


To: Jerry Denkera who wrote (29276)3/3/1998 10:13:00 PM
From: Chas  Read Replies (1) | Respond to of 53903
 
Jerry,
You can say this dumping thing is nothing, but it could cause the stock to go up tomorrow. Thats all I have noted in my note here.
Comparing this to sram is using the wrong analogy.
The 64M price is around $16, so 12% of that is $1.92. Now if you are
the buyer which one would you pick; the supplier at $16 or the supplier at $16+$1.92=$17.92. Thats why Micron would be at an advantage possibly here.
These guys are in the DRAM business big time and when something like this happens, it has some impact. It should be positive to Micron.
The good news is, instead of arguing about it for days, we can all find out tomorrow. If the stock goes up I make money the longs make money and if it doesnt I will sell and go back to puts, fairly simple concept.
good trading.