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Technology Stocks : Micron Only Forum
MU 230.24+2.5%Nov 26 3:59 PM EST

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To: ratan lal who wrote (35913)7/1/1998 11:37:00 AM
From: DavidG  Read Replies (1) of 53903
 
Ratan,

I have not been trading MU much in past few weeks. Volume too low and fundamentals much different today with acquisition. Sometimes it pays to step aside and watch. I have been alternating between 3 other stocks that I have been trading.

IMO I think MU is going to shoot up one day and move into the low 30's. I might consider buying on dips but at the moment don't feel comfortable shorting. I am not too eager to give back my hard earned profits.:-)

I have a sizeable long position in OCT calls, that I have rolled over once already. I could be wrong but I think in the fall and end of the year MU will be much higher.

Good Luck trading

DavidG
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