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Technology Stocks : Micron Only Forum

MU 237.16

+4.6%

Dec 5 9:30 AM EST

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To: Knighty Tin who wrote (19985)	9/22/1997 3:26:00 PM
From: ken whited	of 53903

>Ken, Cover the shorts and buy new puts. Why take all the risk that >the Kurlaks and Nileses might not get their sheep in a row again and >run the stock for a last hurrah? > MB Michael: Thanks for the advice, I covered my short at market open and purchase new Puts when the stock went up 2.00 today. In a couple of hours we will see what happens, I'm rather confindent MU will report poor earnings, But they do have a way of putting a spin on bad news and give it a new look. From Yohoo: Micron Technology Inc (MU) options remained busy ahead of the computer maker's fiscal fourth quarter earnings, scheduled for release after the market closes today. According to First Call, analysts on average expect earnings of $0.46 a share, up from $0.09 a year ago. Mercury's Foster said implied volatilities in the options have moved up to the 68-69 range from around 55. The stock was enjoying an oversold bounce, gaining 2-1/4 to 39-5/8 in heavy action. Traders said that since late August, investors have been selling the stock and buying puts, suggesting they are expecting disappointing earnings.

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