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To: DavidG who wrote (36608)	7/28/1998 3:31:00 PM
From: Skeeter Bug	Read Replies (3) \| Respond to of 53903

>>Do you know any explanation for this?<< mu goes up and down and has wild swings. nothing you don't know well. lots of factors impact it. liquidity, trading, big mo and the perception of fundamentals - right or wrong or, as we've seen with mu, utterly dead wrong! ;-). >>I was wondering why if the fundamentals, as you understand them, are so bad why MU keeps going up?<< you, just like sridhar in $40s and $50s - remember those times? ;-), are confusing the perception of fundamentals with actual fundamentals. i really think people believe mu has turned a corner. everyone is saying dram and the semis have bottomed. yeah, i know, the same people that said mu would be earning nearly $1 billion dollars right now instead of losing nearly $1 billion (what is being off 200% between friends ;-). quite a track record, huh? ;-) but, these are the people with the money and if they don't value it then they can cause some problem for those in the know. >>Maybe the Fundamentals aren't as you think they are?<< this is always a concern. so far, though, my perception of the fundamentals - along with the other bears - has been much more correct than anybody but 1 or 2 of the paid professionals. not always on the stock price - but the business. i don't see anything changing. btw, don't you remember how great you thought 1998 was going to be when kurlack touted his "best of all scenarios" song and dance. ;-) remember how unrealistically negative you thought i was? ;-) even so, don't forget i was, in fact, right - along with all the other bears. :-) the fact the stock went from $30 to $60 ahead of this 1998 disaster shows just how little the big money really knows. it is kind of like a game of chicken. they have the money and not a clue - the bears have a clue and little relative money.