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Strategies & Market Trends : Shorts waiting to happen
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To: Yo Eleven who wrote (21)5/18/1996 11:04:00 PM
From: dppl   of 852
 
I'm a professional MU shorter (actually I do a few other things). But I'm afraid Mu is getting pretty uninteresting to short. I can't see it going much below 30. But now I'd short if it pips 34 (with 30 put). I've shorted at 38 (twice), 36, 35 (twice) in the last few months. Just a point or 3/4 point each time. But it's pretty predictable. MU just broke its 50 day MA. The longer trend is still up, but with DRAM still diving I fail to see how they can make money at 3.50/4 MB. They also seem to be late with 16 MB production

I'd welcome disagreement. I've been fiollowing MU thread for some time.

dppl
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