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Technology Stocks : Micron Only Forum
MU 345.82+0.2%Jan 12 3:59 PM EST
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To: Kerry Phineas who wrote (26882)1/20/1998 9:14:00 PM
From: DavidG  Read Replies (2) of 53903
 
Kerry,

At times it sounds like some "Forever Bears" believe MU should only go down and never up. And when it goes down it will continue down until it is bankrupt.

Myself I am not a bull or a bear but just someone who likes the volatility of the stock and the wide fluctuations. I don't see MU going up very far nor do I see it dropping through the floor. I see a stock that right now will continue to have wild swings between 22 and 33. I am enjoying this range and just day trade a point or two points with PUTS and longs.

If for one moment I thought MU was in jeopardy of going under because of the SEA competition I would not play the stock...but quite frankly I do love the fact that the bears that hate the stock really hate it and drive it down too far and when the bulls gain control just push it up again and usually too far.

Its a fun game but you have to condition yourself to always take a profit. If one thinks they can hold on to those PUTs or longs their gains will eventually evaporate and the losses will take hold.

I noticed you were starting to buy PUTs and then take your profits when appropiate. If you hadn't it would be a loss now. Just keep taking your profits before someone else does.<g>

Well good luck trading

DavidG
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