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Politics : Ask Michael Burke

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To: Skeeter Bug who wrote (23487)	10/12/1997 9:55:00 PM
From: valueminded	of 132070

Skeeter / Others With what I think Txn will report, I would find it highly unlikely that bulls would keep their micron stock. Txn is going to stick a fork into the myth of the nearterm dram price recovery. They will not try to paint a rosy picture for they will be at risk of having estimates raised and not being unable to meet them with dram bleeding so badly. As far as brain dead bulls, lets hope so. But I have my doubts. If they run up micron, I will load up on Nov / Jan puts. I think what will happen is that a few funds start to unload and there be very few buyers if a recovery isn't around the corner. Remember, most of these funds / individuals manage for the short term. And I think they are waiting to here txn spin on dram. If it is negative, then the risk becomes much greater than the reward and you look to see them unwind positions. My target is 30 by expiration day. by the way, your pick of swtx looks very interesting. I am doing more due diligence, but have a question. How did you pick them up ? i.e. were you clued in or is this a skeeter original.

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