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To: BSGrinder who wrote (30710)	3/18/1998 5:24:00 PM
From: The Vinman	Read Replies (2) \| Respond to of 53903

Unfortunetly. I am not surprised that MU has held up. The new mantra from analysts is to say that a company that warns has put the worst behind them, look at BAY today, they warned of a terrible quarter yet DLJ upgraded the stock and it was up 2 1/2 today, down a quarter point from yesterdays close! Market makes little sense, look at YHOO , the stock has a market cap 4.5 billion yet they had less than 100 million in REVENUES last year. YHOO has a price to sales ratio of 65, so investors are paying a stunning $65 per dollar of sales, a trailing PE of 887.....does that make sense? CNBC asked the question whether or not tech slump was over.....they must be talking about INTC and CPQ, the NASDAQ is at record highs...... Good Investing Vinman

To: BSGrinder who wrote (30710)	3/18/1998 6:52:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 53903

Kit, I remember one from the old days, late 1970s, early 1980s. It was called Resorts International and it was losing money hand over fist. But, there were so many shorts that the stock kept going up. It eventually went bankrupt and all the longs lost all their money, but not before it had quadrupled and ruined some short funds. MU seems to be the same sort of manipulated trading sardine. MB

To: BSGrinder who wrote (30710)	3/18/1998 8:48:00 PM
From: Earlie	Read Replies (1) \| Respond to of 53903

Kit: The key word is "mania". We've no previous experience, so it drives us nutty trying to understand where "discounting emerging problems" went to. With Greenspan and company pumping so vigorously, the excess just floods the market. It's indiscriminate, truly dumb money. Fortunately, and eventually, dumb money ends up where it truly belongs. (g) Dying stocks always take longer to expire than their heavy breathing would lead one to expect. A mania prolongs the dying process. That said, I'd suggest sticking around for the next few months as this is shaping up to be the best bear frolic since 1929. Personally think that it is finally time to start picking on (picking off?) those stocks that have bullet holes in them, as well as copious visible hemorrhaging. I wouldn't suggest frontal assaults yet, just a bit of "small bet" sniper action (from deep within the weeds, where we've been holed up since before Christmas), targeting the already mortally wounded. MU is a triage situation. (g) Maintain patience and powder; this game is about to become very exciting. Best, Earlie