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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (24934)12/11/1997 4:17:00 PM
From: valueminded  Read Replies (2) of 132070
 
Mike:

Good to see you are back. I have been following nvls, gtw and mu with puts. Have done ok so far but no big winners yet.

I find the following analysis of micron interesting. If stocks are to reflect future values consider the following information I pulled up from first call:

est earnings for year ending nov 1998
Current 4 weeks ago 8 weeks ago 13 weeks ago
0.74 ******* 1.73 ******* 1.98 ******* 2.76

If you look at their 52 week high of $60 and ratio the newly revised eps estimates you figure they would be trading at about 0.74/2.76 or about $16.

I love the way that estimates are quietly moved down w/o notifying the general public. Estimates have been quietly moved down the entire last couple of weeks. For example, this quarter eps: on 11/27 they were 0.19 and as of 12/04 they are shown as 0.12 Personally, I find it hard to figure how they make any money but if they continually revise estimates downwards they may end up with a surprise.

What are your current thoughts on gtw ? (The dual marketing approach using stores and direct sales seems to indicate some lack of focus from my point of view)

What do you feel the best puts are and what entry prices are you looking at. Do not confine your response to technology stocks only as I feel their are other candidates out there... again thanks for reply and it is good to have you back
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