David, Holy Cow! Last two NYSE trades were 56,900 & 165,800
shares at 27 1/2! What happened in the last 5 minutes!
This week is water under the bridge now. Took a hit on
30 on my Dec 25 puts. Sold 20 others at a profit. If only I would
quit trading on fundamentals, and stick to my computer and
stochastics. Why in the world should I have expected MU to
go down just because the earnings were lousy! <gg>
I was on the way to the bank when I heard Maria mention
18 before the opening on Tuesday!
Meanwhile, I mentioned over the past few days, I would be
switching to long positions, and I did at midday and got good
prices in CPQ and CSCO.
As far as MU goes, I will be expecting a sell signal, probably
late Monday or Tuesday, and will probably go short. The last
sell signal I had on MU was Monday the 8th, and sold a long
position at 26 7/8, right at the high. Then I started buying puts
and held on and lost.
Patrick |
