John Capozzi

Going Schluming - Cramer's Lightning Round (4.11.08)

If Intel disappoints after the bell look out below for Micron. It could very well hit its 52 week low and beyond. Intels and Micron partnership in flash isnt been showing much and i beleive it ha been put on hold or cut back. I was surprised to see Micron spike as it did when they posted a qtr as terrible as it was. The media and analyst pumped this stock up. If it was another stock it would have been trading in the mid 2's. Well it very well be down there by t/m if Intel post a bad one and the best is to cover now in case it happens. With Microns bad numbers like i said i was surprised it spiked as high as it did. Just watch out way below if Intel post a bad Qtr like AMD there will be no bottom to Micron because Intel will prove that the subprime mess has hit technology which has been beleived to be a safe haven in recession. Microns share price should have reflected the bad qtr it had.