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Politics : Ask Michael Burke
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To: Freedom Fighter who wrote (77218)3/8/2000 9:47:00 AM
From: Steve Lee  Read Replies (2) of 132070
 
My view is that Micron is vastly overvalued.

I believe that it will make a good short in 3 weeks' time. See Zeev's scenario on the Micron thread.

Micron is not rallying in sympathy with RMBS. RMBS is rallying because it has a small float and people want the shares badly due to future expectations. Micron is being manipulated higher because they are able to convert debt advantageously if it remains at these levels for 20 days in a 30 day period. When those 20 days are up, I am buying puts.
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