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Technology Stocks : Micron Only Forum
MU 333.34-1.4%Jan 14 3:59 PM EST
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To: Skeeter Bug who wrote (33253)5/13/1998 10:19:00 AM
From: Carl R.  Read Replies (2) of 53903
 
No doubt between $90 and $18 the put players made money. Since then the put writers are clearly ahead, though there may be a few winners in the put buyer category. If you are one, congratulations. I have been a net winner buying calls during the period from $28 to $55 and back only because I only did it few times and was lucky. Primarily I owned calls from $34 to 42 when MU got too pricey for me. I also owned some recently but cashed out at $32 for a small gain. In general the call writers have also been the winners during this period. For what it's worth, not all my plays have been long side. I have owned a few puts, but have lost money on them.

Regarding the question of who is the "low cost producer", your answer is astute. Due to the devaluation of Korean currency they probably have temporarily moved into the low-cost producer position, and they probably are no longer bleeding. This does create some problems for MU in that the Koreans could elect to increase production. On the other hand, it also gives the Koreans some long term problems because it makes American made equipment much more expensive, and makes it difficult for them to play at the next level. And that is why the winner of the next round isn't clear, and the ability of both sides to get into the next round is in doubt.

Good luck,

Carl
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