Fabeyes:
Glad to see you around again.
I've been busy with other things but not so much that I don't keep a finger on the pulse of my favourite memory stock.
Glad I don't have exposure to this latest squeeze, but will join the party shortly. It will be interesting to see how Fidelity , Capital, and the rest of the big holders handle the scene once the conversion takes place and the new debt paper is sold. Probably worth the price of some D-O-O-T-M puts just to see if they can keep the exodus orderly. (g)
Like you, I know that MU is in trouble on the "cost-to-produce" front, particularly compared with the big Asian producers. I also know, as do you, that this "shortage by year end" story is silly, given the current inventory levels, yield improvements and soggy PC market. Inventories are high at most producers (which is known, but rarely mentioned by analysts) and are also high at the box builders' shops, due to the past fall's mad buying panic (which is either not known or not mentioned by the analysts)
With Fido et al hard at work running the shorts into the ground as a means to ensuring that the current debt is converted, it makes more sense to simply watch from the sidelines. But with TXN, INTC the employees and many, many others likely itching to be gone, I expect a slide on the backside of this orchestrated dance. Unless of course, Fido and Capital decide to buy all of it. (g)
Best, Earlie |
