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

To: Knighty Tin who wrote (33091)	5/9/1998 11:25:00 AM
From: TREND1	Read Replies (1) \| Respond to of 53903

Mike you wrote <<My gripe with TA is always that the Technicians are waiting for somebody else to move. It is a counter-punching philosophy with no ideas of its own. I think most of us are smart enough to make our own decisions and not to wait for the "smart" or the "dumb" money to show us the way. Or the price. <G>....>> Mike I admit I am too dumb to do fumblementals ! I know I do not know ! Wonder why the "forever" bears have an ego problem (g) Or are they not smart enough to know that they do not understand MU fumblememntals. ..................................................... Here is a little example: (1) Dec 1997 MU comes out with $0.04 EPS, price at 22 (2) So the ego fimblementalist say MU is going to have a loss of $-.41 for Mar 1998 ! (3) The fumblememtals are right!!! (4) But MU goes from 22, just after the 4 cent earnings to 39 (77% increase) (5) Now MU sits at 32 with EPS at $-.41 (6) I can not understand this MU stock price vs EPS ??? (7) In fact I am too dumb to under stand it ! (8) But MU's price movements make money for me (g) (9) TA is stronger then FA when it comes to MU ! Larry Dudash PS: Sorry Mike..but FA just doesn't work on MICRON !! At least for a trader !