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To: Proud_Infidel who wrote (42465)	1/23/1999 5:56:00 PM
From: John O'Neill	Read Replies (1) \| Respond to of 53903

Brian, Psychology certainly plays a BIG part of what valuation the market places on a stock price...Where do you think the short term 1-2 weeks prognosis for MU price action is...I've been looking for MU to set some kind of support level...(whick is difficult to do when it goes straight up)..I wouldn't be surprised to see that happen and then go up again in early Feb... The degree of the internet stock decline AFTER $6bil went into funds (according to AMR) last reported week seems like it must have impact on psychology. They did come back Friday, like bottom fishing, Friday (or shorts covering)...but if this turns out to be a temporary dead cat bounce after their monsterous decline, the market psychology could turn very nasty..short term in techs comments appreciated

To: Proud_Infidel who wrote (42465)	1/23/1999 7:17:00 PM
From: Skeeter Bug	Respond to of 53903

brian, b/c business sucks. you perma bulls are funny. you think price proves something. if the price doubles are triples, business must be 2 or 3 times better. it isn't. too much money coupled with greed. the end will be nasty. greed always leads down that path. i wouldn't buy amzn at $50 for the same reason i wouldn't buy money losing mu for $20. their business just isn't worth it. too much capacity given demand requirements OVER THE NEXT YEAR. mu wouldn't know free cash flow if it was its momma. do you know what free cash flow does and why it OUGHT to be important to investors? btw, i'm 95% long. maybe more. you appear to have a disconnect w/ reality. a perma-bear is 95% long. NOT!