Day 17 out of 17, it is going to be a straight flash. The next question is how much money will the street be willing to bleed in order to make, let say $50 MM in underwriting fees? Will they keep MU above $110? Right now, only a close under $129 will get this one into retrenchment mood. Luckily, I play only the bull side and do not short, I would have been dead, since I would have shorted between $110 and $120.
I should have probably added to the scenario the caveat, short only after the fat lady sings, but Maria is not fat, not, I bet, can she hit the high "C" (G).
Zeev |
