Tom, Good observations. As we have seen from Intel, the demand for pcs is in trouble, though it is a seasonally slightly stronger time. More DRAM is not being put into each box, so I don't think demand is the reason for the uptick. The mfrs. may have let inventories get low. However, if they are paying up for DRAM, they aren't going to make a lot of money on these free PCs. <g?
I think they key to the price rise, and yesterday was the biggest rise, is that everyone is holding huge inventory stocks. They are trying to pull an OPEC scam, but DRAM is not like oil. They have done the same the past three years and Mu has screwed all the other conspirators every time. If they trust them this time, they deserve to lose money. <g>
But, the fact is, they have to sell that inventory some day and as they are approaching breakeven this week, I think the temptation will be overwhelming.
But, we'll see. Always an exciting stock and I am thrilled at the chance to buy puts with the bowwow in the 50s again. |
