Lee, As I've been saying for several months, the fix is in to scam this quarter's eps, no matter what they report or even what they really are after you take out the phony stuff. You could just feel a rip off heating up with the seasonals and the deluge of tall tales about DRAM and pc prices hitting the tape nearly every day. My gut feeling is that they are going to try to stampede the gullibulls to $60 again. For no reason, again. This time, I think they don't quite make it that far and I will start buying puts in earnest in the low $40s. The lies all blow up in February every year and this co. looks to be heading full speed toward bankruptcy.
That being said, the conspiracy can be broken easily, as it depends upon several people flushing their intellects and their integrity down the toilet while they bull-whip the stock. It is easy to spot several weak links in this daisy chain, and several could break too soon. Also, this time, they don't have Kurlak on the side of the Boise Bandits, at least not yet. As much as I think he is dip spit as an analyst, he can rouse the truly stupid to buy like no other tech analyst. He can't make them sell, as the truly stupid think that the market only goes one way. -g- So, I will maintain my 1/3 put position and pile on if MU gets near $40.
MB |
