Tippet, your estimate is as good as any. I would start a little at $95 and in earnest at $105, but who knows, with MOMO in play it could reach your target, but it is a "Stretch", IMHO. I got my figure of a max of 105, by suggesting that if we need to be above $88 for 20 days, we will have to overshoot by a good 10% to 15%, well, $95 is the all time high, thus the breach of $95, should, in principle, draw in the crowd of fishers in the "new high list" (quite a profitable tactic by the way, under special circumstances). That should create a throw above $95 of about 10% and volume in the 20 MM shares daily, or so for few days allowing the biggies to sell to the less informed, and for the holders of the converts to lay out and complete their (and highly profitable) hedge, whether or not MU forces conversion. Once you approach the 20 days limit, run for the hills because their is, IMHO, a better than 50% chance of a 50% retracement over the three to six months following the last gusher up.
Zeev
Zeev |
