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Technology Stocks : Micron Only Forum

MU 241.14

-6.7%

Dec 12 9:30 AM EST

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To: Skeeter Bug who wrote (23773)	11/11/1997 12:56:00 AM
From: DavidG	Read Replies (2) of 53903

Skeeter, I really haven't done much f/a just try to understand it. My only comment is that MU is a great company in a lousy sector. As far as trading MU.. I sold the last of my PUTS today and continued to go long b/c we are approaching a support level. If MU violates 25 than it is the next leg down and time to buy PUTS and sell longs... until then...MU remains in a 25 to 29 trading range. Also IMO it is a much higher probability that MU will bounce off support levels than to violate support levels....the same is true for resistance levels. Preannouncements, earnings releases etc have different plays. It is much better to step into a train than in front of it so one should know the support and resistance levels....and it is certainly more profitable to play MU in both directions. Believe it or not this is also a more conservative play. Good Luck Trading DavidG

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