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

To: johnlea who wrote (32743)	5/2/1998 6:51:00 PM
From: Patrick Koehler	Respond to of 53903

John - I've given up trying to figure out MU earnings over the years. They rarely report the breakdown of the earnings the same way quarter to quarter. They can pull a fast one and sell more MUEI stock. The market doesn't care about the fact that is is extraordinary income. They can quadruple megabit production in a quarter by bigger chip, shrink, more yield, play with inventory, etc. I don't trust the earnings reports at all, as it is a hot potato. I trust the TA to give me an indication a few days prior. I know MU isn't worth $31, but that doesn't matter. I play the trend, and MU may be ready to turn upward. If it is, then I will play the upside until it turns down again. I can tell you this about MU: The best bet with MU is going long between Thanksgiving and Christmas, and ride until March. The past 13 year pattern average of the stock move from 4th calendar low, to the 1st calendar high, has been over 100%. This winter was only 77% (22 to 39) because of the terrible earnings. Didn't stop the run up. Ask Skeeter. He can give you an answer for the next 12 quarters. May not be right, but he will probably give you some firm negative numbers. <g> Patrick