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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (30492)	8/3/1998 5:33:00 PM
From: yard_man	Read Replies (1) of 132070

MB. I have been very patient with the POS (er MU), but now it is getting back to the levels where I first bought puts on it. Will buy a first round of January's on any continued strength. Just wondered what you think -- any chance that the fundamentals could change to catch up with the price at these levels? Has the supply side changed much since I bought the puts months ago when MU was scraping 37 or 38? It is rising in the face of a pretty strong market decline. This is somewhat amazing -- think we could be back up into the high 40's for a short period of time?

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