Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: jtechkid who wrote (29671)	3/7/1998 9:06:00 PM
From: Skeeter Bug	Respond to of 53903

jtechkid, i've never understood it. these are the same dolts that bought at $60 and in the high $50s. i think they believe mu is undervalued b/c it is 1/3 off its high - even though you have to be a dolt to use that as a basis to buy a stock. the other thing mu has going for it is that it is a very liquid stock. the big boys can play it. everyone seems to think dram will turn and go up in price. they think supply is going to dwindle. funny, b/c these same dolts are betting that amat does very well by providing equipment to increase supply. cognitive dissodence is the appropriate term. i'm just waiting for the big picture to sift its way through the granite brains of these fund managers. when fear replaces their nonsensical greed then we have a ton of downside. expect a big loss from mu. expect inventories to be way up. expect them to grovel about the sk bailout. expect them to go to uncle sugar with congressional kneepads. but, whatever you do, don't ask them about their business environment. ask me. i know their business 10 times better than they do.

To: jtechkid who wrote (29671)	3/7/1998 9:33:00 PM
From: MR. PANAMA (I am a PLAYER)	Read Replies (1) \| Respond to of 53903

Jtech....in De height of pessimism rallys ensue....in De height of optimism selloffs start...GRIM...WISER than My Man BUCKMINISTER

To: jtechkid who wrote (29671)	3/7/1998 9:35:00 PM
From: MR. PANAMA (I am a PLAYER)	Respond to of 53903

Jtech....KID...is true souvlaki made frum pork or lamb....TIA...GRIM never shy to ask kestionnes

To: jtechkid who wrote (29671)	3/8/1998 9:04:00 PM
From: Kerry Phineas	Read Replies (1) \| Respond to of 53903

jtech, the bull side (I don't agree with their conclusions) is that DRAM prices have already bottomed, the Korean producers are going to go out of business, MU is the low cost producer, there are 44 million shorts, etc. Also, TA factors have helped prop the stock, mucho liquidity, Fidelity and Capital Asset Management might not want their positions to lose their value, etc.

To: jtechkid who wrote (29671)	3/11/1998 12:03:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 53903

jtechkid, Man, did you ask the wrong guy. This company is a bowwow and has been for a few years now. However, the stock, though down from $95, is nowhere near its eventual low, in single digits, IMHO. That is because there seems to be no end of naivety among Micron bulls and so many think the last eps peak will be repeated withing the next ten years, and I don't. Also, the huge number of short sellers allow bulls to manipulate the stock higher from time to time. Sooner or later, reality wins over manipulation. It worked back in the days of Resorts International and it has worked for Micron several cycles in the past. MB