steve, I understand, but when they will float it is up in the air. MB thinks before earnings, but, if MU figures it can show something good, however temporary or "cooked", then they will float after earnings (or some other good news I can't see), and April bets (anyway 25's) are likely too soon. I have ice cubes which will melt long before summer! So I toy with cashing out the April 25's, wait for the secondary, and then get back in. But trading options is mighty expensive for the risk one takes; right now I am ahead, but not by much.
Given recent trading range, let's say they want to float at $35. So, they would like to see the market price somewhere around $38, I would guess. All a bunch of speculation on my part, but would seem less risky to exit now and re-enter when the secondary is issued.
BTW, hang around, you do have alot of friends, even if they occasionally poke fun at you. Forget about the jerks!
Regards, DWW |
