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

To: DJBEINO who wrote (34284)	6/3/1998 1:06:00 PM
From: TREND1	Respond to of 53903

DJ Well that's a start (g) Larry Dudash

To: DJBEINO who wrote (34284)	6/3/1998 1:43:00 PM
From: Chas	Respond to of 53903

I wouldnt count on this for pricing stabilization. The cutback announcement would be interesting to see some of the Japanese follow suit. Its getting painful now, maybe it will happen. Dont get me wrong, There are enough readers out there that remember last years attempt to stabilize pricing and while they did cut back and try, Micron ramped and had a short term success story. Therefore, my bold prediction is for MU to trend up with these articles as they come out, and as we approach D day of earnings announcement, the price will drop back to reflect the loss for the qtr depending on whisper vs actual. Does anyone agree? This reflects Skeeter's statement of short term up and long term down. The only problem I have is the window for MU to go up here is pretty short since earnings is around the corner. In otherwords I am having trouble buying a call, with so much risk to the downside. Good trading.