Carl, as usual, you get a better price than I do. I waited too long yesterday to decide that $72.5 will not be taken out, nevertheless I got out (I did much better on VECO, I must say, VBG). Right now, it sure looks as if the scenario is on hold for a little while. I still think that Larry is right, when commodities prices go up, their producers make more profits, even if they sell somewhat less. Of course, with MU, selling somewhat less is not an option, and thus eventually the prices come back down. But for this quarter, I think that average prices in excess of $9 are pretty much in. I'll see how the next signal of a short term uptrend from HAL develop, but I may, as usual, jump back in prematurely, if the turnips smell any bottom forming formation in the high 50' (we are almost there, are we not?).
Zeev |
