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Technology Stocks : Micron Only Forum

MU 258.34

-2.1%

1:07 PM EST

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To: eddie r gammon who wrote (11136)	3/17/1997 12:39:00 PM
From: Robert S. Johnson	of 53903

My two cents worth on MU earnings tonight...MU will have an extremely tough environment to get positive reception of their earnings, even if they are an upside surprise... I moved into some MU Mar40Puts late Friday because: 1) Big boys re-position their portfolios a week or so ahead of FMOC meeting, and I believe this will mean major selling 2) The bearish inflation big boys will cream MU tonight if earnings are 'just' on target or below; 3) Recent comments from Greenspan and Warren Buffet will cause any earnings disappointed to be slaughtered. Just my view......even if MU announces surprise earnings, this weeks environment is very bearish. Bob J. 1

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