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

To: ComSolut who wrote (30666)	3/18/1998 12:17:00 PM
From: TREND1	Respond to of 53903

CS the MU conference call said they will meet and discuss details March 18th and 19th. A broker report also said same thing. Larry Dudash

To: ComSolut who wrote (30666)	3/18/1998 9:14:00 PM
From: John Graybill	Read Replies (2) \| Respond to of 53903

Yep, we have the analyst conference to get through, that's one thing. Another reason is that these guys were SO far off (not even in the ballpark, really), that they need a little extra time to come up with a "sell all Micron now!" that has at least an iota of correspondence with their current public statements. They have to do some pretty fine reading of their previous statements to be able to point to something and be able to say, "Aha, we said something more or less like that a year ago, yep!" to justify their downgrade. Of course, if their public statements truly represent their position (yeah right), then they have some MU to unload before they drop the bomb. Option expiration is a factor, too, but I said a few days ago that anybody writing options on MU has had plenty of time to buy them back, heck they've had multiple chances. But they've done that before, back in May 1995 I think was about a 3-point down day after expiration on some hideous news that they held over the weekend. BUT! With this S&P caution today, man just get out of the way! That changes things! They're gonna be tripping all over themselves tomorrow and Friday getting those downgrades out. Being on record as being hopelessly wrong compared to the SI gang is one thing, but no way to they want people asking a lot of questions about S&P downgrades. We're gonna see a couple of 10M days before March 31.