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To: MR. PANAMA (I am a PLAYER) who wrote (40829)	11/11/1998 12:44:00 PM
From: sandstuff	Read Replies (1) \| Respond to of 53903

Wow, some momentum going here, when will the train stop?

To: MR. PANAMA (I am a PLAYER) who wrote (40829)	11/11/1998 12:44:00 PM
From: Carl Held	Read Replies (2) \| Respond to of 53903

MU is no Intel...(based on fundamentals) Based on the todays price, fundamentals have been thrown out the door, soon, it will come back in and the price will drop like a rock when the reality sinks in. Comparison: (% increase) Intel: Since Sept 1. +49.28% Oct 8. +37.34% MU: Since Sept 8. +129.17% Oct 8. +101.06% MU is so over priced which tells me that it is based on emotions, momentum, short covering, and greed. MU estimated EPS for the quarter (Nov) ranges from -$1.30 to $1.00. Now, lets take Intels P/E of 29.54 and multiply the upper end of MU estimate of $1.00, which equals $29.54 per share. Todays high (47 1/8) is a premium of 59.5%. I'd have to say there is a lot of exuberance (famous Greenspan comment) for this stock. Reality says that this stock should be in the 20s.