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

To: TREND1 who wrote (31861)	4/7/1998 10:47:00 PM
From: Skeeter Bug	Respond to of 53903

larry, intruiging chart. since there isn't much time left and mu bulls are still fixated on the irrational, i may have to call it quits. i was hoping to be a few bucks ahead by now but that last brain dead run up to $32-33 squashed what should be a stock price of $27 or lower by now. i'll be watching mu closely at the open. i do expect bad semi news to pour in and keep downward pressure on mu. the fact is there is too much cash chading too few stocks.

To: TREND1 who wrote (31861)	4/8/1998 1:50:00 AM
From: Uncle Joe	Read Replies (1) \| Respond to of 53903

From the technical point of view, I believe the situation is much clearer now than it was a few days before. If MU drops below $28 tomorrow or the day after tomorrow, I am afraid we will see $25-26 next week. Otherwise, it'll probably be back to ~$30. Look at the same one year chart you posted. What happened after every spike, or bluff if I may say, in a down channel? The drop accelerated. Also, who do you think bought thousands of dirty cheap calls and then puts from those soft knees last week? My friend, it is the house (otherwise, there will be no house :^). I will not be surprised if Micron goes out of business in a couple years, because once a technology is matured, I am afraid it is Asian's turn. They simply grab it, take no prisoners, and run. What happened to steel, plastic, tv, vcr, camera, watch, microwave, walkman, cd player, tape recorder, color monitor, ...? There is probably one exception: car. But the automobile industry is affirmtively actioned (a.k.a. quota'ed). The DRAM technology is matured (I am not saying that it is not high tech). Does anyone feel a bit weird that nobody talks about technology in this techstock thread? Wafer size? This is the closest I can recall. There is a good reason for it: there is no new technology to talk about. Uncle Joe, busy studying gap down and its implications ...