you think that few months ago $80 was justified?
Zeev, no, and that was why I pooted at 78. My most profitable option trade(s) since UAL back in '90. Ok, I see where you are coming from, although, I'm not sure how they can hide DRAM pricing. We are going to need a real turn in the supply demand equation which I am having a hard time seeing anytime soon. But some analysts might go with the program as evidenced by the recent slash in earnings estimates by Painless Webber while reiterating the buy rating.
I wonder if TXN, or even INTC for that matter, will go along with this program without selling into it. INTC has the RMBS deal they want MU to stick with, so they may not be too willing to jump the ownership.
And I will never underestimate Steroid Steve. I thought the AMZN 1.25 billion convert bond issue was a joke, at least MU has an ice cube's chance in hell of surviving, so strange things could happen. -g-
Regards, Ice |
