All - Just for information on Mike Burke, who no longer
posts here, as the bulls really lambasted him, as they
concentrated on his bad call on MU, while ignoring his
good calls. Mike predicted MU earnings to be around
50 cents due to DRAM price increases, which did increase
as he said it would. He also said that the next quarter will
be off.
While some on this thread enjoy ripping others apart
because the others have different views, why ignore
someone that actually has contacts in Asia, flys to Asia
for information, and is far more informed than most of
us on this thread. Without his posts, valuable information
has been lost to this thread. Fortunately, I follow him on
Prodigy and his SI thread.
Some of you young kids will get the hair raising on your
neck just because I dare say something. Your're so defensive!
If you are 22 years old, let me ask you: Do you know more
about the market than you did a year ago? Do you expect to
know more about the market in a year from now? If the answer
is yes, why do you tear some one up that has managed large
funds in the past, like Mike Burke, and I believe, is probably
worth millions, or an old man of 55, like me, who has 30 years
experience in options (only 5 months full time trader)?
Both bulls and bears can make money on a stock like
MU that trades in a range. The stock is moving the same
number of points in both directions. The objective is to
make money, and anyone that contributes SENSIBLE
data should be welcomed without fear of being shredded
by the other side that disagrees. I'm sure that there are
many lurkers that read the thread, but are afraid of the
flaming they might receive if they post.
Hopefully, everyone will lighten up a bit. Life is too short.
Let's all make money, both directions. <gg>
Patrick |
