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Technology Stocks : Micron Only Forum

MU 265.92

+7.0%

Dec 19 9:30 AM EST

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To: yard_man who wrote (35401)	6/19/1998 11:29:00 PM
From: pat pasquale	Read Replies (2) of 53903

tippet; not only didn't i sell my july 20 puts i bought @ 12:30 (3rd hit this month) 20 MURE's for 1-1/16 and sold at 3;30 from 1-3/4...plent of put money being made on this pig and more to be made... *** The 16mb ASP for the quarter was $2.50/EDO and $2.40 SDRAM. Current price is $1.40 spot and around $1.80 contract. Current 64mb is $7.25 spot and $8-9 contract. The premium for PC100 is only 3-5 %. **** imagine this ASP was 2.40 for last q and they got hammered... already this q (first month of q) ASP is 1.40 spot 1.80 contract thats another drop of 41%......Moody's downgrade also RAISES the interest rate on debts cause they are move of a risk to lend to... they were in default of bank loans and told no one....i bet bank will renogiate but with stricter guidelines cause this puupy only has 3 qrts of cash left in tank....... good trading on downside pp

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