SB:
Droll, very droll. (g)
Zeev, I can look up the precise figure, but from memory it was around $32. As Skeeter points out, the converts. were considerably higher.
With respect to the rise in MU's stock from $20. to $80., which occurred even as the company was in the midst of a year in which it lost over half a billion dollars, for me the answer is in two figures: - Institutional/insider ownership was approximately 90%
- The short position rose to almost 45 million shares.
While I had forecast the loss, and was worried about the above-noted numbers, it sure went farther than I would have imagined. Of course it created an even more delightful target. (g)
Even though it has been marvelously profitable, (thanks to a definitive trigger point having been supplied when the company fibbed to the public, even as the short position bottomed), the remainder of the long ski hill still beckons. Ride 'em cowboy! (g)
Best, Earlie
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