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Technology Stocks : Micron Only Forum
MU 435.79+0.1%Jan 29 3:59 PM EST
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To: Trey McAtee who wrote (22652)10/22/1997 4:43:00 PM
From: Skeeter Bug  Read Replies (1) of 53903
 
trey, i expect a collapse around nov 11th similar to the one tha occurred aug 11th. however, i'm loaded on jan 32.50 puts that i bought when mu was 38.50. so, i'm waiting out the mu bulls and will take advantage of any numbskull moves that they pull. i think i can buy slightly out of the money nov puts for $0.50-0.75 near nov 11th and make 5-10 times my money to go along with my set of dec puts.

of course, mu can change their mo so it is a gamble. i'll risk less on such a gamble. if all goes well, my breakeven will be around $27 and i expect mu to drop MUCH lower than that. :-)

however, the bulls look unusually lame at this moment.
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