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TO ALL, 1. I sold my CompUSA Feb 20 puts and did not roll them down.
That is the second third to hit a quadruple. Love this stock. I also
sold my Feb 17 1/2s for a double, but I rolled down to Feb 15s. I am
NOT recommending that new players jump in right now. My target has
been $12 on this stock and we are too close for a starting position,
IMHO. Yes, I do expect margin deterioration as the sales they made were
not at great prices. But I believe we have seen the lion's share of
the downside here and am only keeping a third for sentimental reasons
and the fact that I believe we really will see the sub-teens on this
one. But, remember, it wasn't that long ago that this dog was pushing
$30 and that was when the easy money was available on CPU puts. 2.
5 Japanese cos. just announced a 1000 pct. increase in 64 Mbit capacity
this year and they expect the price to reach Mbit parity with 16 Mbit
chips by this summer. For some reason, that doesn't sound like good
news for Micron to me. -g- Let's see, MU hasn't the facilities to
mass produce 64 Mbit chips, they just spent all their money to upgrade
to soon to be obsolete 16 Mbit chips, and they have to offer a billion
bucks of something to stay where they are. But not to worry, Kurlak
is unaware of the DRAM market, so he still loves the stock. -vbg-
3. Packard-Bell just announced a $999 120 Mhz box with monitor. Look
for the stores to discount it more. Look for more price cuts. The
CEO was on CNBC today and he is not calling for much price help from
MMX boxes. Good luck, MB |
