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

To: Trey McAtee who wrote (36757)	7/31/1998 8:51:00 PM
From: VLAD	Respond to of 53903

About 15 months ago MU was at our current level (33ish). Kurlack was pounding the table on MU reiterating his 55 target price. Kurlack's FY'98 EPS was well over $4.00/share. Now here we are 15 months later and the dram picture is as bad as it has EVER been. Micron has had 3 consecutive quarterly loses and its future is as questionable as it has ever been. TXN sells MU its DRAM equipment because TXN knows that there is no profitable future in DRAM and MU takes on more liability in a DRAM market where over capacity is the very problem effecting the industry. Today some bucket shop upgrades MU and its off to the races as we see another short squeeze in the makings. This stock does not know how to die because the big boys have made too much money squeezing the shorts to let it die a peaceful death. I can understand some traders covering their short positions in fear of another August deja vu BUT whoever is buying MU at these levels deserves to be holding the bag when reality again sets in and MU finally goes to the grave that it should have been in since last December.