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Non-Tech : Invest / LTD

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To: Lucretius who wrote (228)	5/12/1998 12:31:00 PM
From: Thean	Read Replies (2) of 14427

LT - MU MU is going lower low. I hope my open order to cover my Put get filled today. I'm not greedy, a good place to be out when MU trades $28-29 and I double my money in 3 sessions. It will bounce up an down and I'll come back with another Put. I do feel more comfortable with Put than with Call. All - the drillers are really weak despite oil holding up pretty well. Not a good place to be but since they are short term oversold I'll watch for the reversal in the next few days. In fact, I may even add to my MDCO position soon. OPMRF is really testing its support here at 11 7/8. If it breaks below this $11 should be a good support. This should not be broken. But if it does, we are heading down to single digit. bw - SEV is coming to back below $22. If you want to hold for 2 weeks, this is a very conservative, low risk play (downside is $2 in two weeks, upside is $8 in 3 weeks).

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