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: TREND1 who wrote (29744)	3/8/1998 10:36:00 PM
From: jtechkid	Read Replies (2) \| Respond to of 53903

REMEMBER the quarter ends for potfolio managers on march 15, so you could see some window dressing or funds trying to hold up stocks. march 16 see you later i think you will get increased dumping. or, you could get some panic selling tomorrow and the beginning of the weak as portfolio managers want to blow the techs out of their portfolio. any case, next two weeks will be interesting. good night

To: TREND1 who wrote (29744)	3/8/1998 11:20:00 PM
From: Earlie	Read Replies (3) \| Respond to of 53903

Larry: With respect to large short positions, historically they have always represented an excellent statistical bet. Only amateurs bet on the buying power of a big short position or a short squeeze to provide higher prices. Shorts are primarily pros, and they always conduct intensive research. A building short position usually evidences increasing conviction that a stock is dead meat. MU is just that...dead meat. Aside from the fact that their products are pure "commodity", losses are accelerating, interest expenses are mounting, inventories are bloated, amortization schedules are semi criminal (and must soon be addressed), writedowns loom, assets are declining, and the competition is massive. Add to that the fact that most memory ends up in a PC, and that the PC market is in trouble, then factor in a near term cross-over to 64 Mbit, where the competition has advantages, and a short position in MU takes on the characteristics of an annuity. I suggested a bit of patience at Christmas. Now I see little risk in shorting this stock. A large short position will prove inconsequential when the dumping commences. Best, Earlie