Larry, I only have a 1/3 position right now. My timing has more to do with fundamental developments than prices. I sold 2/3s in the low 20s because I figured the slack news period would be time for some scam-a-ramas by MU and its toady analysts. Even though the stock has popped a little, MU has found few touts of its stock other than Da Bankers, who are kind of locked in. So, it hasn't been able to gather the full force of several Wall Street liars announcing at one time how the future was rosy. It has just been a trickle of phony positive announcements and this puny dead cat bounce reflects that.
So, I will buy another third at $26 and another third at $29, if they happen, but I want to be fully loaded before the actual losses report, no matter what the price. This could be the coup de gras (cut the grass <G>) for Mr. Potato Head and Applesauce. And if not, then it will be the next quarter. Things just get worser and worser, and MU did nothing to prepare itself for this disaster, other than sucker in a few convertible buyers with deep pocketbooks and shallow intellects. <G>
MB |
