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: DavidG who wrote (39648)	10/5/1998 5:59:00 PM
From: Michael Young	Read Replies (1) \| Respond to of 53903

<<BTW...pay very little attention to "forever bears", it is not healthy to your wallet. MU only goes down when the overall market drops... buy on dips MU is bottoming here!!>> I agree. The ultra bearishness on this board has to be a contrary indicator. I recall the other side of the coin in 1995. Seemed like everyone thought MU could never go down. They were of course forgetting that DRAM is a cyclical commodity business. I see the other side of the equation now. The DRAM worm is turning, but many traders refuse to be flexible. It is now time for the up cycle. Demand continues strong, while the Asian companies are either closing plants or frantically begging for money to upgrade equipment. Also consider that so many manufacturers have ignored DRAM and chosen to focus on "proprietary" chips for the networking and telecommunications market. Now those markets are glutted. "New era" thinking is dangerous. DRAM is cyclical and always will be. MIKE