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David, Its nice being on the same side (albiet probably very short term). Your posts are sounding ever so slightly like an MU bear<G>. Off topic a bit, I am not really a bear. I just don't see any companies that are selling at a value. If I buy (go long), I feel I am very dependant on market sentiment. If Greenspan dies, I think I could lose several points, having nothing to do with the merits of the company. I say several points because every company (blue chip) is trading at high multiples. Very risky to go long. I just want to make money. I see some small up and coming companies that are NOT moving with the blue chips (so why buy) and they go down fractions when the big chips are sold. I'd go long on MU, but how can I have confidence (except for the charts, which I no longer mock) with earnings predicted -.25+, dram prices depressed, Asia saying they are NOT dumping, TI admitting this is a money losing business (today). Where is the good news? I am caught between the rock and hard place. Finally, were you the one who charted Mu's short term course with the stock to trade to the 30.5 level shortly? I read someone showing how the stock propability will move lower but longer term higher. I think Larry says if we close at 347/8 today, that is bearish. Is closing below the 357/8 level neutral? Finally, if we closed above 36, would you sell your puts/cover and go long? (seems like an insanity with impending MOT type earnings...). Sorry so long..just killing time waiting for mu to move to 347/8 <G>. Steve D. |
