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Technology Stocks : Micron Only Forum

MU 258.46

-2.0%

Dec 11 3:59 PM EST

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To: Stefan who wrote (43460)	3/4/1999 11:12:00 AM
From: John Graybill	Read Replies (3) of 53903

You have one guy screem BUY and every one buys. Month later the command is SALE and they do. Hey, I'm not screaming! Oh, you're probably not talking about July 65 puts. :-) Opened up a Jul/Mar 65 put spread. I expect to buy back the March's on a 2-day earnings short-squeeze run-up almost to 60 (-8c is the consensus all of a sudden, WAY down from the -2c that existed more or less forever -- the bar has been drastically lowered!), then roll down to Apr 55's a week or so after expiration on the news that the analysts are shocked, shocked that Micron has had another losing quarter. Time for a little vacation.

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