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Politics : Ask Michael Burke
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To: The Perfect Hedge who wrote (22498)9/10/1997 5:43:00 PM
From: Knighty Tin   of 132070
 
GD, It looks like Mu is heading quickly into operating losses again, so the $40 + price is ludricous. The chip market has not turned around. Like a gopher, every time it sticks its head up, it will get hit with a golf club. MU may have occasional quarters, like last quarter, where they make a decent amount of money, enough to support a price in the 20s. But they will be few and far between in the future, just has they have been in the past year.

So, I would buy Jan 35s and Jan 30s for their homerun potential. I already own a lot of Octobers, but I can't overemphasize the ability of bulls on this stock to ignore reality until it slaps them in the face and walks off with their money and their girlfriend. -g- I think Jans give you plenty of time for all the hype that surrounds Christmas to disappear. And MU's stock price with it. MB
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