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Technology Stocks : Micron Only Forum

MU 228.50

-5.6%

Nov 18 3:59 PM EST

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To: DavidG who wrote (41451)	12/17/1998 1:18:00 PM
From: Thomas G. Busillo	Read Replies (1) of 53903

David, I've had two consecutive put debacles (one driven by the Fed rate cut and the other driven by my own wrong decision to buck the positive seasonal sentiment in favor of a TA read which dared the breakout a few weeks back) so if you think I have a small limit order in for some Jan puts... ...you'd be absolutely right <g> My read is that given that they won't report again until March, whatever's going to be reported next week given the move they've made is largely in there, so if you're a big guy and the CW says the 1Q could be dicey for the techs maybe this is where you pull the horns in a little. Also, right about now is when some people are speculating the results of some of the foreign players returning to normal production schedules should be hitting the market and that's on top of any seasonal slack into the end of the year and beyond. That could be the wrong way to look at it, but I'm coming at it from the angle of "when and why does the profit-taking start for the folks who ran it up?" Robbie reducing themselves to putting a nice fat round 3-year price target (did Dan Niles just discover the "three-year price target"? Is a 3-year price-target a normal part of his "research"?) calling for 300% appreciation a few days before they report earnings and 2 days before X...sorry, but that's just tragically funny. Dan, why limit yourself to 3 years? Why not 4 years? 5 years? 100 years? Why not come out with a price target for the next millenium? <g> Good trading, Tom

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