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To: re3 who wrote (46363)	6/16/1999 12:10:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

it won't.

To: re3 who wrote (46363)	6/16/1999 12:23:00 PM
From: John Graybill	Read Replies (2) \| Respond to of 53903

Just opened a put spread -- bought July 42 1/2's, sold July 40's. Net cost is a buck with a chance to make 2 1/2 by expiration. One call, one trade, could be my salary for the month right there. A close above 41 1/2 four weeks from now is a loss. An upgrade, and a gap-up and two more points after yesterday's announcement from Kipp that now it's the box-makers' problem to deal with all this DRAM, to bring it right up to the 200-day MA from the bottom for the second time is just too rich to be ignored. The panic melt-up today on the CPI number is scary, and I was expecting an up day. I'll double my position tomorrow, but I'll try to leg in. briefing.com has MUEI announcing earnings on Monday, and MU earnings are typically the next day.