To: Rambi who wrote (15270 ) 12/15/1998 6:35:00 PM From: Michael Sphar Respond to of 71178
Ha ha ha ha ha ha! Short the amazin amazon ? Surely you jest! I may very well be crazy, but stoopid i ain't. Though tempted surely. I just sit here in slack jawed amazement that the market can cause that bloated pig to rise higher and higher. A website and a warehouse. Imagine that. Whoda thunk it? I figgur the top will be its NDX debut day, the 21st I think. Should be at solid 275 by then, well maybe 375. Then I'd consider it ready to short, but not yet. Now if I could just find a credit card big enough to cover a 100 shares... MU is cow of a different color. I think the shorts who believe it should go down are quite foolish and picking on the wrong heifer. Its the second largest memory house in the world, and is kickin butt in this memory recession. Check it out! A cool half a billion from no less of a strategic battler than Intel, and for what ? I don't bet against Andy Grove either (see stoopid, above). Siemens, where I am sitting at the moment, is a much likelier troubled company, having already admitted to a <$723 million> shortfall last fiscal, and trying to spin this slug memory component off to the public next near, while publicly hoping to "align" itself with others in the same boat. Meantimes the Koreans with IMF funding and Korean gov't insistence are oligopalizing the two smaller memory houses into the 3rd largest unit in the world behind Samsung and more to the point behind MU. Look for the recession crushed Japanese to rise to Siemens' bait. The blind leading the crippled. Look for MU to gain share on rising prices no less. Better to bite that bullet, cover that short, long AMZN and take 2 aspirin, it'll all be better in the morning.