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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Lee Lichterman III who wrote (30875)8/11/1998 10:30:00 AM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
American Kennel Association (AKA) <G>, Not only do these companies have sharp pencils, they have both gullible and greedy supporters. You ought to read the Micron Only thread. Most of the folks who post there are smart enough to know that MU is dead meat, but they buy anyway because the DRAM scam is convincing a few idiots and they are simply taking advantage of the greater fool theory. That is o.k. until MU gaps down.

As Fred Hickey says, these are the gifts that keep on giving. The stocks running up just means more put profits in the long run. As I have said often, I have made a lot more money with Mu going from 95 to 78 back to 87 to 72 back to 84 to 65, etc., than I would have made had it gone straight from $95 to $6. Of course, there was a period during the Kurlak lobotomy where I thought it would never turn. But it did. And so will the other crappy companies. Just use a discipline and don't bet more than you can lose.

MB