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: Skeeter Bug who wrote (30411)	3/16/1998 11:36:00 PM
From: jtechkid	Read Replies (1) \| Respond to of 53903

yes, their is 40 million short but two funds fidelity and capital research own 40 million. these funds have to nervous and obviously were mislead about earning and whats happening with the company. these two are more opt to bail to protect themself and the losses then the shorts. i think its funny that the only bull statement is their 40 million short and the have to cover. so shorts i know think its only a matter of time before this hits the teens. maybe simplot will have another margin call and blow out a ton of stock. micron has blow its last breath and wall street is starting to realize this is a commodity business that really no competetive advantage and with a 6 billion market cap and financial uncertainty on the way people are nuts to own this and they will get hurt. to own a stock or a market simply because liquidity and people are putting money in mutual funds is investing suicide that could end this market. remember its just as easy totake money out as it is put in. fair value for mu-20-AT BEST COMPANY COULD EARN 2.00 in 2000-which is a 10 pe -commodity business. i wonder if the bulls are going to sit around and wait 2.5 years to get any good numbers, tonigt, i would rather be short a company that lost 43cents but in reality seems to me lot more. does anybody own mu here.