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Technology Stocks : MICRON TA ONLY -- Ignore unavailable to you. Want to Upgrade?


To: Tom Moore who wrote (135)11/11/1998 9:02:00 PM
From: Estimated Prophet  Respond to of 214
 
<<What other stock can you count on gaining 80-200% and falling 40-70% at least once in any given 12 month period?>>

YHOO.

Started shorting when it was 84 pre-split. Went on up to 207. Then lost 40% of its value, and now is back up 250+%. Somewhere in ther I made a little money. But I lost a whole lot more(g). Somebody told me not to lay down in front of a speeding train, but I was a little slow getting up...

MU is generally a lot more predictable. But if this stock is chewing up shorts like I think it is it may have a long ways up yet to go. I'd say overbought doesn't mean a thing now---the valuation has gone past sanity, and there's not much upper limit in that situation. Buy the dips.

And I'm a forever bear. But that's not relevant over on this thread. More power to MU and I'm glad I don't have a position right now.

EP