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

To: TREND1 who wrote (29701)	3/8/1998 12:10:00 AM
From: Hector	Read Replies (1) \| Respond to of 53903

Larry, Generally, hot concept stocks like YHOO, AMZN, etc. are usually the ones to milk the shorts before they collapse. That is because there is hope and hype on these stocks and they don't have to answer for years with earnings because everybody knows they'll make a ton in the future. Take a look at charts of NSCP and others like it and you'll see consistent strength until they're exhausted in a final gapup and collapse never to see their highs again for many years if ever. MU and others like it are different because they have a track record of not only earnings but losses. Additionally, MU is in a sector which has been beaten up badly and appears to be going down again. It has fallen from its highs and has only been able to muster a feeble rally. I'm with jtechkid on this one. The money managers who still own this one will start dumping it along with many others next week, as they all try to head for the exits at the same time. Dave