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Technology Stocks : Micron Only Forum

MU 362.76

+7.8%

Jan 16 3:59 PM EST

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To: TREND1 who wrote (33187)	5/11/1998 1:31:00 PM
From: Patrick Koehler	Read Replies (1) of 53903

Larry, our computers are giving opposite signals today. Friday, I was long MU at 30 and 30.06, plus 60 MUEY's (May 27.5 calls). This morning I sold all of it and went short and presently have 40 May 35 puts, and may buy more. My computer gave me a sell signal this morning. Note also, that the option open interest theory favors the strike price of 30, although that would take it through the lower trend line of the upward channel. Been very busy today, making about a dozen trades on MU. Patrick

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