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

To: John Graybill who wrote (42894)	2/9/1999 1:25:00 PM
From: J. P.	Read Replies (1) \| Respond to of 53903

This is nothing but a trading sardine. Same pattern every day. Take it down on a wave of selling in the morning. No volume at all in the midday, the stock gets taken up. Then at the end of the day, they take it up all the way on a couple of ticks. So, even though the selling volume is torrential in the morning, they can bring it all back on only a few shares once they've cleaned the "book". That is if it suits their needs. While I enjoy the arguments about the fundamentals of the business, it remains a commodity produced in quantity by a number of Asian companies who are kept from the U.S. government from "dumping". Else this company would quickly go the way of the dodo bird. Also, these analyist upgrades are shameless and laughibly transparent. How can you justify any price on a commodity with no earnings, and only the prospect of a couple of pennies! Fair value of this thing is actually in the single digits.