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Non-Tech : Invest / LTD
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To: NucTrader who wrote (1440)8/1/1998 9:15:00 AM
From: Thean  Read Replies (5) of 14427
 
Nuc, MU has become a speculative stock no different from the internut stocks now. Therefore, I would not mess with it since it is totally unpredictable. It can go in either direction and there is no inherent advantage for me other than 50:50 if I were to initiate new position. I think there are better bets elsewhere unless you are just a speculator. I already did my speculative part by buying an Aug MU put. That is enough for me. MU did break its $32 resistence pretty convinsingly and that spells doom for all shorts unless they cannot confirm on Monday (which is to close below $32). The only good bet for MU is to buy a straddle (put and call both at once with the intention that MU expires not at the money and enough to recover initial investment.

All - I know everyone has his/her own basket of favorite shorts (or longs) but let's have one's #1 stock to short with a short story so we can bettern share the wealth.

Heyward, this is the thread so welcome.
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