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Technology Stocks : Micron Only Forum

MU 232.59

-2.1%

Dec 16 3:59 PM EST

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To: Patrick Koehler who wrote (27756)	2/4/1998 11:36:00 AM
From: DavidG	Read Replies (1) of 53903

Patrick, I had an overbought on most of my techs last night. As far as MU I see it showing some support at 36-36 1/4 and now a n/t resistance at 37 -37 1/4. I went long at 36 3/8 but got out at 37 1/8 this morning. Will go long again if it goes down to 36 3/8 again. On second down I will get rid of my MUPUs that I bought yesterday at 3 1/2 to 3/4(Planning to get 4-4 1/4). Still holding on to MUPFs from last week at 3 1/2. Not planning to sell yet but use as insurance while I'll continue to play the long side. If MU does break 36 than I believe another retracement to 33- 33 5/8. Then I will sell MUPFs. I do agree with you that MU is looking very strong longer term but s/t I would like to see some backing and filling. Good Luck Trading DavidG

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