Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ben Antanaitis who wrote (37132)	8/8/1998 4:52:00 PM
From: Peter Goss	Respond to of 53903

DavidG, Skeeter, et al, I have been thinking about the situation with the DRAM makers today as being somewhat analogous to the disk drive parts suppliers last summer. APM and RDRT made what looked like double bottoms as concerns over pricing and product transitions strengthened. Then the stocks rallied significantly as investors and analysts said the bottom was in. Only in late summer and early fall those earlier pressures reasserted themselves and caused the stocks to fall below those earlier lows down into the mid single digits. I don't know if MU can go that far but I think the situations are very similar. Expectations of the cycle "as usual" caused a huge amount of pain for APM and RDRT investors. We may be seeing a parallel situation. The price charts and fundamental situations are strikingly analogous. Peter