Bg: Frothy? Ohhhh yeah...you've got the Dow surging thru a top last seen in 2007 just before all hell broke loose. Given market exuberance is far from abated momentum alone can take it above where that line today sits, which is ~$9. How sustainable this is will be predicated on Elpida-styled merits; and on this the judge is still out. Yes we've heard the glowing commentary from some in the analytical chattering classes set. Yes some think it'll contribute mightily. Others, not so much. Regardless it's an open issue to be resolved. I suspend judgement on it until I can see the numbers. And even then we know how the market loves to surprise expectations. In other words....there may be fundamental changes afoot in the semi's, MU's sector and even in MU...but there's yet to be proof the same can be said of MU in anything other than just the recent pps move. As of today if I was to rate them I'd rate them a hold....pending more information.
Just my 2pennies worth...bid now $8.72
Highlow
American Net'Zen