Micron Only Forum Message Board

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Technology Stocks : Micron Only Forum

MU 284.79

-0.7%

Dec 26 9:30 AM EST

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To: Patrick Koehler who wrote (15610)	6/18/1997 9:16:00 AM
From: Stephen M. DeMoss	of 53903

Okay Patrick, it looks like a down day for the tech sector. How will Mu perform and what should we do with our puts. Micron will likely pull back to 403/4 if a mild correction in techs and then bounce. If a more serious correction, it can see the high 30's. If a serious correction, after some buying, it could go deeper. Recent history has buying on dips. I am inclined to try and sell my 45 puts at 5 and consider myself fortunate. Would a really calm investor (and wise) wait even through this whole day and see if it can have continued selling tommarow, or is it wisest to close our position early and look to re-buy on the rebound? Would appreciate insight into what your doing. Steve D. Ps. Checks in the mail<G>.

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