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Technology Stocks : Micron Only Forum

MU 315.42

+10.5%

Jan 2 9:30 AM EST

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To: Frank Chen who wrote (232)	6/7/1996 1:45:00 PM
From: Matt Webster	of 53903

On Micron Option Play... That's an interesting strategy. I think the Market thinks Micron will have a bad earning report and the stock should slip between now and then. The problem I have is that while I think it may come back to 30-32, I can't think of a good reason why, other than some sort of squishy investor sentiment that Micron is a "nice" company. The problem with Micron options that I've observed is that MU moves so little no matter what the news. Look at the historical chart and it just dribbles around 30-32 no matter how bad the DRAM market gets or how much money people think it makes. OTOH, I hold a Jan97 30 put. It is also interesting to watch how Micron has held steady while the Dow and NASDAQ went into the tank. My current quote says MU up 5/8 while the Dow is down nearly $50. What explains investors' positive sentiment towards MU to make it defy the rest of the market? But, I'll definitely think about the 30 call, say July, next week. Matt

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