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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (45109)	1/31/1999 11:07:00 AM
From: Lucretius	Read Replies (2) \| Respond to of 132070

check out the top two stories in Money Rag: "GDP report red cape for stock bulls" " Should you ditch your S&P 500 fund? Should you ditch your S&P 500 fund?" (the article gives a resounding NO WAY as an answer) pathfinder.com this is from the 2nd article and one of my favorite quotes: (ho ho ho): "I'd advise you that funds like these make sense only if you attach yourself to them with Krazy Glue. You shouldn't just hold them for the long term in the usual sense, like five years or so, but for the rest of your life. And, given how rotten the actively managed funds have done lately, that idea is sounding better all the time. " then check out the cover of Newsweek and the use of the words "economic boom" newsweek.com Let's hope they slap a bull on the front of the cover next week. ho ho ho.

To: Freedom Fighter who wrote (45109)	1/31/1999 11:15:00 AM
From: Mike M2	Read Replies (1) \| Respond to of 132070

Wayne, I believe it is a short squeeze. The analysts who follow Micron have a history of being overly optimistic to put it mildly. Rick Whittington -formerly of Soundview Financial and Dan Niles are two that come to mind. Their earnings forecasts for 1997 were off by a mile ( I don't want to misquote them so if anyone has them handy please chime in ) . Nonetheless when Maria Bartiromo of CNBC quotes Niles current forecasts you don't hear about his poor record of predictions. Micron is a stock that ignores fundamentals but not forever. The Micron optimists say Micron trades on expectations for the future yet the over the years the optimistic future expectations used to rationalization Micron's lofty stock price have fallen short when the future becomes the present. Mike

To: Freedom Fighter who wrote (45109)	1/31/1999 12:21:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Wayne, MU is a dying co. being valued in the market as a great growth story. The stock has risen 200% while the co. has printed losses for several quarters. They have taken down huge debt to expand in the glutted DRAM market. I think it is running up because: 1. The co. is extremely touty. 2. The firm will need a lot of securities issued to handle its cap spending and operations budgets in the future, so the analysts are playing kissy-face while they bid for the banking business. 3. A short squeeze, as everyone with a brain hates the stock at these levels. 4. The perception that the pc market is doing great, despite the fact that we have just registered the first down year in sales ever. And this year will be worse. 5. Perception that problems in Asia will cripple the competition. Just the opposite is true. They will kick out chips to take in cash while they are strapped. 6. The perception that MU is the technology leader. That is just a joke. Other than that, great co. <G> MB