Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Chris who wrote (13797)	8/3/2001 2:49:56 PM
From: Lee Lichterman III	Read Replies (2) of 52237

That is a good call on MU. I posted this on our site last night. A quick check of MU's own sales to the retail market shows another 10% drop in DRAM prices ( Crucial.com is MU's retail outlet). I paid $49 for the 256 PC133 SDRAM chips a month ago, then felt foolish when they dropped to $43 a couple weeks ago and now they are down to $39..... crucial.com ======= Bad call however on EMC. Apparently that analyst didn't check the news headlines from last night before he made that call... Slowdown looms over EMC Corp. By Ted Griffith, CBS.MarketWatch.com Last Update: 4:39 PM ET Aug. 2, 2001 BOSTON (CBS.MW) -- EMC Corp.'s chief executive said Thursday the company is continuing to suffer from a global slowdown in technology spending and offered no prediction about when business might bounce back. cbs.marketwatch.com I bought a very small 2004 LEAP today just in case this is a pullback in a larger "C" wave up but then hedged it with a short call with September expiration. I won't be able to watch the market much the next few weeks so I am playing slower longer trends and wanted to be boxed but able to play any big moves that occur. I still have an old cheapo LEAP put from a while ago also to guard against any crashes. I am still astounded at the market's ability to ignore/price in all the bad economic and earnings news. It just blows my mind. For valuations to be justified here would require growth rates exceeding the 98 -2000 rates of growth and I don't think anyone realistically expects that to happen. Time to go back out in the heat and work on my Pergola some more. Arghhhh Thanks for the link to the image site. It is too bad I don't have a scanner or I could post some of my shots over the years. I have a nice one of us bombing an island out in the pacific taken from the air in a B-52. Good Luck, Lee

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