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

To: John Graybill who wrote (42391)	1/20/1999 9:38:00 AM
From: Carl R.	Read Replies (2) \| Respond to of 53903

Well I can't read all the threads. I checked and see that they released earnings mid-day, so the stock action at the end of the day has priced in the report. I have owned shares of KLAC since 1981 and I'm not looking to trade them. The company met and exceeded expectations of the street. They also exceeded my expectations both on the sales and earnings side. Thus the fall is presumably a buy-the-rumor, sell-the-news phenomenon. Now that the sell off has happened, it will presumably resume its rise today, particularly with GLOBEX up big. Even if it doesn't, it is still a good long term investment. I would expect another nice move in MU today as well. Carl