Carl, you should start and play this one, since MU got close to my original target under $20, I played this one 27 times so far (many days with three entries and exits), lost only 4 times, total gain so far above $12/share, it is starting to be as good as CCMP, but still a way to go for the good old bu$$ days. The trick is to stay out of the big declines (like the one from $45 to $20 recently). Then, if you can catch few updrifts (out of those 24 wins only 4 were more than a buck, 1.7, 2.0, 1.0 and 1.70), you should be O.K. with the rest to pay for the few losers. The game plan is to be in, or at least jump on board when the next significant run (to about $22.5 and then to $30 ?) occurs. I expect he first target it in the next few weeks, but second may have to wait until early next year, it could surely happen. Then, of course, we will always have Scenario II in the background to get us back to crazy valuations.
Zeev |
