John, I call that MU has some major support in the low $30, and major resistance at $37 (that $37/$43 area will require quite some hype to get over). In the meanwhile , however, I have been on the MU buss including its yearly low and staying out most of the declines, and since the September massacre, I have already accumulated on it about $37/share, including a smallish $.75 today, more than it's current price ("free shares" <g>). I know that Mish believes that it is a worth only half book at $5, but somehow, that does not deter me from playing the dangerous game with MU. If they get Hynix, they will be the world leader in the DRAM business, and you will be surprised at what a coalition of Infineon and Micron can do to the price of DRAM, look what that coalition did to Rambus (what ever Rambus did not so to itself...).
Zeev |
