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March 2, 2007

Micron in the Accumulation Zone, Friday, March 2, 2007, 12:13 PM

This morning I noted that Micron (MU) and SanDisk (SNDK) had dropped into the Accumulation zone – as the first two of the Cara 100 in this cycle. Seeking Alpha seems to like MU tu. (smiley goes here).

But, while MU is in the Accumulation Zone, I also said I was not yet buying the stock. I feel that another cycle down in the market will take MU to possibly a new low. In any event, I don’t think the stock is going to run away to the upside and I like the prospect of staying in cash longer. Time, you see, is our most valuable commodity.

But if you are looking at the markets with a 3 to 5 year horizon, it makes sense to buy MU here, for the reasons explained by Seeking Alpha.


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Posted by Posted by Bill Cara on March 2, 2007 12:13:39 PM | Category: 45 Info Technology , Cara Global 100 Best Companies

Discourse

bill-

curious if you had any insight into plunging gold/silver and if you thought it was HB&B pushing them down again?

Posted by: dfinvest [TypeKey Profile Page] at March 2, 2007 1:18 PM [link]

Was looking at competitors for MU and came across another company called QIMONDA (QI), which was recently spun off. It's currently selling at quite a low PE (9.46) and has decent margins. Not too sure about the management though. Any opinions from anyone?

Note: No position yet in QI, but am interested in finding out more.

Posted by: Shoke [TypeKey Profile Page] at March 2, 2007 6:36 PM [link]

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