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Technology Stocks : Micron Only Forum

MU 240.46

+1.7%

3:59 PM EST

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To: mu_basher who wrote (25077)	12/11/1997 11:15:00 PM
From: DavidG	Read Replies (1) of 53903

Greg, You must have asked me that quite a few weeks ago. Things change and you have to change with it.<g> Remember last week MU was running up to 27 and your PUTS were dropping and the longs were making money. But IF looking this week I guess your strategy could be right...since the last four days were mostly straight down. And this is also true for most all other tech stocks. I did not expect this behavior but sometimes it occurs. The problems in SEA, including the currency devaluation, is devasting all tech stocks not just MU. The techs are being treated equally. I believe PUT options should be traded for short periods of time, or insurance on long positions, and CALLs traded or used for covered calls...otherwise most of the time the market will win over you with your options expiring worthless. You know its like playing Black jack and the first few times you split 10s against the dealer you win. Well thats great, but the odds are against you winning and over time you will lose all your money. <g> IMO you are lucky now b/c everyday the news is bleak and more devasting and no rebound...but I believe in taking profits when things seem overdone. Good luck trading DavidG

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