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: TREND1 who wrote (37294)	8/12/1998 1:46:00 AM
From: James Spence	Respond to of 53903

Unless the general market implodes, I think MU may have made a bottom at 30.25. Approximately a 50% retracement of the 26 to 36 runup. That's probably enough downside for the next few days.

To: TREND1 who wrote (37294)	8/12/1998 8:32:00 AM
From: DavidG	Read Replies (2) \| Respond to of 53903

Larry, Looks like the bears are coming out of the woodwork now. As MU drops in price, their stock projections become more bleak<ggg>. They are talking about teens again...com'n bears get real!!!!! Now in reality as MU drops, or any stock for that matter, the probability it will continue to drop gets less and less. The "forever bears" are just getting carried away again...remember the calls for single digits after earnings????<vbg>...duh.:-) MU is still above its 50DMA and stopped just above its 200DMA and it is still in an uptrend...but Stochastics still shows an overbought situation so it is indicating some more downside. The break of the 200DMA will be the key. 207.95.154.130 From a fundamental standpoint DRAM is still showing some increases as we move into the Christmas season and PC100 chips still at a premium and SEA still cutting back in production. The biggest fear is a devaluation of their currencies. Since the Yen is up $2 today we can see a relief rally for next day or two...maybe a move to 33 and then a retracement down to 26-28 area which should be a bottom. Good Luck Trading DavidG