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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.76-1.1%Dec 12 4:00 PM EST

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To: Lee Lichterman III who wrote (471)12/6/1998 3:07:00 PM
From: Electric  Read Replies (1) of 99985
 
Lee,

Great post on MU .. < Will I be allowed to short against my stock
options you give me as part of my compensation?>

That is classic. I agree with you however, the chip market is one of decreasing prices. MU hasnt been able to grasp that and they dont have the strong pricing power that INTC does, so their memory chips keep falling. It is a zero sum game. The only way that MU could possibly make it work would be by having the inventory and production model of DELL, where the holding costs are near zero and pricing doesnt hurt you.

All I know is that now that MU plant here that didnt pan out is a maze for kids to run through and a golf course.

I dont think I will jump the gun and brave the surf, but give it a few more points and I think I shall get a longer timed put on MU.

A little brisk up there today isnt it?? We got 3-6 inches down here.

later..
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