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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: Bill F. who wrote (24787)3/12/1999 1:56:00 AM
From: Robert  Read Replies (2) of 86076
 
Bill and all --

What do you make of this? Seems outrageous, and it is admittedly from the zoo on Yahoo, but that was a very strange close today on MU . . .

*****

IMPORTANT MU INFO FROM COMMERCE DEPT.....
by: zzxxccvv11 20793 of 20796
I had an "off the record" conversation with an employee of the commerce department a short time ago. The results of their preliminary investigation of the Taiwanese dumping charges will be public knowledge on May 17. It will conclude in favor of Micron and request that 70%+ tariffs be levied. I know that there has been rumors of this, but this person all but said that it is a done deal. This move should single handedly increase 64Mb prices overnight, thus greatly increasing MU's profitability. The Japanese and the Koreans will gladly increase thier prices due to the exit of the cheap Taiwanese product.
Sold all of my puts, and at a tidy profit I might add, and now own MU shares outright and OCT 60 calls. This is going to be huge. Hope that this "take" on the situation is helpful to you all. Good luck.

--------------------------------------------------------------------------------
Posted: Mar 12 1999 12:38AM EST as a reply to: Msg 1 by YahooFinance
Replies: View Replies to this Message

*****

Thanks in advance for any insight you might have.

-- Robert

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