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Technology Stocks : Micron Only Forum

MU 362.75

+7.8%

Jan 16 9:30 AM EST

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To: Knighty Tin who wrote (32888)	5/5/1998 11:36:00 AM
From: DavidG	Read Replies (1) of 53903

MB, My long term stance has been to buy puts on MU and buy more when it rallies, as the fundamentals are horrible and always have been. Just curious on your PUT strategy. If you buy PUTS and it keeps going up you say you buy more. When do you stop buying and admit to yourself that the position is wrong and then what do you do? Also when do you decide to sell to take your profit? Just curious as we all try to determine when we made a mistake and get out before the loss builds up, and we always like to ride the right moves, and pile on more positions, until the diminishing returns set in.<g> TIA DavidG

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