Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Zeev Hed who wrote (57783)	4/27/2002 8:10:32 PM
From: mishedlo	of 99280

Would you anticipate a test of the lows now? I am still trying to figure out what will happen on the 30th when a decision is made. It would seem to me it will be sell the news either way. MU clearly wants to mothball that plant but if they get it they hold a worthless POS but will have paid 3.4B. If they do not get it, they have the problem of excess capacity. Heads they lose, tails they lose. Finally I am beginning to doubt they can pull off that $80 convertable in a year or so. Not sure such shenanigans and pumping on junk will be as tolerable in the years to come. If MU sets a new low this month, it can easily set a lower low in OCT. If that happens, kiss the $80 scenario goodbye I think. Wish I shorted this at 38 darn it. M

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