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

To: Stefan who wrote (43325)	2/27/1999 4:14:00 PM
From: Tony Wang	Read Replies (3) \| Respond to of 53903

After reading the 2/26/99 MU thread, one must draw the conclusion a lot of people short this stock. There were not many who were crying about how low the stock got, but many more were happy that it was down and are hoping for more. Well it takes a brave one to get short $25, off the high, and $20 off thursday's intraday high. MU probably needed this correction to go higher. It was only in Oct. that it traded at $21/share. So a correction from $80 should not get the people all bent out of shape. I mean do we think it was an accident that it went from 21 to 80? When Lucent only went from 55 to 120? It went to 80 because DRAM prices a)stabilized b) are rising. (try upgrading your DRAM at Staples or Comp USA, they wouldn't even talk to you. they don't carry inventory other the most simplest and common DRAM.) The 3 year slide of memory prices have ended. To keep harping on that is to fight the previous battle. MOre, Korea and Taiwan is so decimated in their own economies that they no longer challenge MU anymore, at least not like they did before. Remember, that Tom Kurlak downgraded MU at 27 and INtel at 77; if you took his advice at the time and shorted you would be losing quite a few dollars.