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To: mike iles who wrote (32762)5/3/1998 3:07:00 PM
From: TREND1  Read Replies (2) | Respond to of 53903
 
mike
(1) Yes ! I day trade MU only.
(2) I do post longer term trends on MU and that changes
how Hal gives signals.
(3) I change from bull to bear to bull to bear to bull.
(4) What I personally do not understand is how the
"forever" bears can just keep saying the same
things over and over and over when MU goes from
22 to 39 to 27 to 31
(5) I see 22 to 39 as a 77% bullish gain and yet the
forever bears say the same things over and over and over
(6) To me the "forever" bears are like the TV weather man coming
on night after night after night saying it is going to rain
after about 250 days of the same forecast..well
Larry Dudash



To: mike iles who wrote (32762)5/3/1998 6:14:00 PM
From: DavidG  Respond to of 53903
 
Mike,

Ok, here is my serious opinion, if you want to flame me afterward, it's ok.

I trade MU everyday. I have no MU in my core account. I have not had a position since last fall when they started to disappoint and do not foresee MU getting back into my core account until there is stability in the sector and predictability in MU's earnings are noticed.

In any event I love MU stock...Why?... b/c I am quite frankly making a lot of money on it...not a little but an awful lot. I haven't done this well with a stock since I regularly traded SUNW and ORCL back in the spring of 1990. Then I made some silly trading mistakes, got greedy to make up for some losses and started to get further and further behind. So I avoided them for a while b/c I was getting emotional with it and couldn't trade them without bias. POS was the kindest thing I could say about them. Today I do not have a problem trading them.

The issues that come up on this thread by some bears are more biases and anger with MU than rationality. If they would take a step, or two, back they would realize that it is the sector more than MU that they see as a problem NOT just MU. In fact, IMO MU is the best DRAM company in the sector, and just reinforces my support for it...but remember I will not look at Mu as an investment.

So I constantly feel I have to be an advocate for MU whenever I hear some bears ripping at MU because DRAM is dropping and therefore it should go down to teens(..only an example) and yet in my own mind I know that NOT all negative news is negative to MU, in fact the opposite is sometimes true.

I really doubt that looking forward MU is as bad off as you think. Also with DRAM requiring a slightly more advanced technology in manufacturing and test, and a shake out of weak SEA, MU may be one of a smaller set of co's remaining. New co's thinking about starting up might think twice knowing just how far MU will go and hard they will fight to stay on top in their sector.

Good Luck Trading

DavidG



To: mike iles who wrote (32762)5/3/1998 9:55:00 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 53903
 
mike, i don't mind difference of opinion. but i've been inducted into the ghostbuster hall of fame b/c of the shear amount of slime that i've been soaked with. manipulator? deceiver? come on. pat revealed his ulterior motive - to try and rub my nose in something.

the $0.15 per year sounded so absurd to the ignorant ear he thought he had his opportunity. then, when it blew up in his face he called me a manipulator and misleader for missing my decade by one year. even worse, i corrected the dates shortly thereafter! and then tried to "rub my nose in it" like his "point" wasn't obviously pathetic.

let's examine now. mu's 12 month trailing eps is $0.58. if mu loses -$0.30 (very generous on my part - AGAIN) then mu's trailing 12 month eps drops to a loss of $0.16. AND DROPPING. i haven't even accounted for the one time gains and losses (of which gains outweigh losses - i'm GENEROUS again).

so, in the last 14 years of mu's existence (INCLUDING RIGHT NOW!!!!) they have avgd less than $0.14 per year in 11 of those years. they are doing much worse now.

yet some would have you believe that the 3 years they avgd 20 times $0.15 is their normal business environment (warning to all would be slimers, the twenty times is just a quesstimate. the point is to get the magnitude and direction right and not the exact multiple - it is close enough to get the intended point across).

imho, that is the intellectual equal with seeing shaq hit 3 free throws out of 14, with the most recent shot being an airball!, and saying that shaq's "normal" free throw goes in. ;-) what pathetic joke.

and anybody that disagrees with this is a manipulater and misleader.

i keep coming back to one word. p-a-t-h-e-t-i-c.