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

To: Skeeter Bug who wrote (33686)	5/19/1998 8:54:00 AM
From: Thomas G. Busillo	Read Replies (1) \| Respond to of 53903

Skeeter, that's part of the spin game these guys play. Numerous outlets ran the Niles upgrade; I've yet to see one that also mentioned his earnings cuts or the fact that he lowered his 12-month price target from $45 to $40. So here you have an analyst cutting his estimates and price target while simultaneously upgrading the stock - and it takes a small investor like MI getting his hands on the report and posting the information to SI when these media outlets are the one's w/ the responsibility to get the facts and keep their readers fully informed. Example, here's the Dow Jones report from the WSJ Interactive: - May 18, 1998 R Stephens Ups Micron Tech To Buy From Long-Term Attractive Dow Jones Newswires No further information is available at this time I've yet to see anything else on the site. Doubt I will. Now, how do you think Dow Jones got the story? The fact that the guy was lowering his FY'99 numbers roughly 30% while simultaneously upgrading the stock makes it a different story. His price target was $45 back in early March; now it's $40. Makes it a different story. Throwing in the FACT that the stock has dropped roughly 20% since his last upgrade, also makes it a different story. Maybe part of why MU didn't run could be that the big hitters w/ access had access to these facts that the media outlets either a) missed entirely in a fit of mind-numbing incompetence or b) were never given in the first place. Good trading, Tom