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: johnlea who wrote (30063)	3/13/1998 10:45:00 AM
From: Thomas G. Busillo	Respond to of 53903

John, the thinking right now seems to be that if earnings warnings can't kill the mkt., what can? And if North America and Europe are making up for Asia, well, both are probably going to continue to be strong and Asia will eventually get back on track. IMHO, the money's always made when expectations start to fall apart. I don't know what's out there that could cause a shift. One scenario is that if Asia does start to show recovery, money could flow back there. Coupled with that, maybe there's the possibility that the start of EMU could derail part of the European recovery and that rising wages in the service sector have more of an inflationary impact that the Asian offset. Of course, don't ask me to quantify that <g> A lot of people probably got caught short after INTC, MOT, CPQ, and while the bounce in those issues has been pretty muted, the collateral damage effect on tech just didn't show enough Ooomph to in the short-term to cause any type of sustainable rotation. March is probably a make or break month for a lot of these guys. As far as MU goes, the stock price has held, so I wouldn't expect anything that nutty. If you look @ ORCL and NSM over the last two weeks, they're pretty good examples that in some cases prices can be leading indicators of earnings. Larry's the expert on how MU's price movements tend to anticipate its earnings, so I'd defer to his call. This is probably one of those times that the market's reaction is too murky for me to enter pre-earnings. I can't see how they'll be stellar, but they weren't last time either and the thing was the bear trap from hell. Then again, last time there were already a lot of profits on the short-side already there to be taken, so I don't know if the short-covering aspect is going to be as pronounced. Who knows? Good trading, Tom