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Technology Stocks : Network Associates (NET) -- Ignore unavailable to you. Want to Upgrade?

To: Just_Observing who wrote (3957)	1/7/1999 5:07:00 PM
From: AlienTech	Read Replies (1) \| Respond to of 6021

I agree with your strategy except the rules have changed in the last 6 months. Doing what 'was'suggested would have cost you around 100 gains in most things. But dont worry, I dont under stand it either and I am just sitting. I dont like to play what I do not understand, even if it means I loose out. Maybe the market will change back to what it was in the first half of last year so the same rules would apply. Like this.. MICRON TECHNOLOGY INC. (MU) 64 11/16 +5 1/16. It seems like the rah-rah years are back again. It was not too long ago when this Wall Street memory chip maker darling used to post daily gains of $5 or more on any single day as the stock represented a speculator's means for a quick profit. Of course, times changed as DRAM prices dropped and Micron was bumped off the the radar screen, replaced by Internet stocks. However, along with K-tel and the '70s making a comeback, Micron seems to have again rekindle the old vibes. Since October 7 when it closed at $25 1/8, the stock has more than doubled after being stuck in the $25-$30 range for much of 1998. Today's price boost has been provided by a research note put out by SoundView Technology Group that assumes the "largest Asian DRAM maker has notified its distribution customers" that it is not accepting additional orders for 64 Megahertz devices. It is thus implied that DRAM spot prices are likely to move higher over the next few days and that Micron stands to be a beneficiary of this price trend. According to SoundView, it assumes that average selling prices for Micron was to have declined from $8.90 in the November quarter to $8.50 in the current quarter. It notes that "quarter-to-date contract pricing for mainstream 64 Meg DRAMs" are continuing in the low $9 level. If this latter trend continues and should prices stabilize at the higher levels, Micron could be above break-even for the February quarter. According to First Call, Micron is currently expected to lose $0.08 in its fiscal Q2 (February), compared to year-ago loss of $0.23 and red ink of $0.19 in fiscal Q1. While this would mark a significant turnaround for this memory chip maker, it seems like the price of the stock has already factored in all the favorable news that is in the pipeline. Imaging where the stock would trade if the company actually did make a profit for an entire year!