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Technology Stocks : Micron Only Forum
MU 230.24+2.5%Nov 26 3:59 PM EST
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To: Skeeter Bug who wrote (41555)12/22/1998 10:56:00 AM
From: DavidG  Read Replies (1) of 53903
 
Skeeter,

I don't thnk so.

First MU was not in spot b/c OEM's were buying up all of MU's stock. As MU's yields go up then it has excess to sell to spot...which btw has not dropped much. Chips still selling for $9-10.

Second as long as prices are stable while MU improves their yield and increases production MU will clean up with nice profit.

When you see significant drop in SDRAM like a dollar or more than look for the downtrend. No indication yet so $200 here we come.<g>

Sold some MUPI puts for quick profit at 4 1/8. Don't hold on to those suckers too long you might burn your fingers.:-)

Good Luck Trading

DavidG
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