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

To: wiley murray who wrote (36848)	8/3/1998 8:35:00 PM
From: VLAD	Read Replies (1) \| Respond to of 53903

Micron should go down rapidly once those who have been buying since mid June decide to cash in on this ridiculously over priced BODV. Or else it may just tank ASA big short money that covered over the last 14 points decides it is time to renew their short position. This latest move reminds me sort of the AMD run from 17 to above 30 and back to below 17. I think that MU can not sustain a price above 25 between now and next earnings announcement time. Who in their right mind would pay $30.00+ a share for a company that will show a loss of over .50/share this quarter and not be profitable for probably over a year?