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