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

To: Kerry Phineas who wrote (31339)	3/27/1998 8:35:00 AM
From: Thomas G. Busillo	Respond to of 53903

Kerry, I don't think anyone can ever repeat good old-fashioned common sense too much <g> Also, I'm so jaded after all the crap I've seen, I appreciate a good fin. acctg. kick in the head every now and then. Everything w/ this one is expectations. There are times when you want to place a bet on expectations coming to fruition. I still don't think this is the time. I'm not sure what Chas heard. Maybe he'll post more. Larry had forwarded the EBN piece when it came out to his e-mail list so that's why a bell sort of went off when I saw the .18. There's the possibility that its nothing more than a long-term plan or direction. I mean, I'd assume that years from now, .18 won't look that strange. The other players in the industry are probably looking at the same thing down the road, as even Dan Niles could probably figure out that in chip mfg. smaller is better. Those upgrades were a joke then and now. I wish I had a way of knowing with absolute certainty which of the seven held their numbers constant and which changed. If someone wanted to make an extremely uncharitable intepretation, they could probably argue that the White House Press Office isn't the only game in town when it comes to selective disclosure and media manipulation (Mike McCurry is unbelievabley good at what he does; unfortunately part of what he does is it to grin-f*** the American people and undermine their ability to...okay, I'll take it to the "Did Slick Boink Monica?" thread). Also, somewhere out there, there are 7-8 analysts that didn't get either faked out of their jocks at the early '98 "rebound" (CS 1st Boston, Montgomery, Paine Webber) or call the top (Robbie Stephens, Harley Davidson and the Jensen Man). Goldman Sachs is in another category entirely. Kurlak/Merrill, Gumport/Lehman, Milton/BBH, Gruntal (Mona Eraba?), Fahnstock (Scovall?) - I wish I knew the rest. Good trading, Tom