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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: SlowThinker who wrote (41798)	12/31/1998 10:56:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

>>"Micron has been in a basing pattern for about 2 years," says Murphy, "It recently set a 52 week high. It's backing off here a little bit, but if it can break through, and we think it will, we could see it move up to 90." << why? b/c the dice came up 7 on the last roll? ;-)

To: SlowThinker who wrote (41798)	12/31/1998 1:01:00 PM
From: Kerry Phineas	Respond to of 53903

ST, John Murphy, not Michael Murphy. I don't think Michael Murphy would buy a commodity chip producer like MU. (but then again, Michael Murphy has not done well whatsoever the past few years, so his advice really hasn't been that relevant for recent moves in the market. Whenever he picked a new stock for California Technology Stock Letter, it almost immediately came out with some kind of warning that sent the stock down 25-50%; very smart guy, but fundamentals haven't ruled the market too much the past few years when compared to momentum, TA, etc.)