Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: John Graybill who wrote (46442)	6/19/1999 1:04:00 AM
From: Carl R.	Respond to of 53903

The CBOE may be the enemy, but don't expect to beat them. They hedge their position so that they always win unless the stock makes a major gap. Carl

To: John Graybill who wrote (46442)	6/19/1999 12:18:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

john, i'm a lot less worried about the cboe than the folks that think a 60% qtly pricing haircut and piles of inventory with promises of future "incentives" is something that needs to purchased at ever high prices. the whisper of 10 cents is an absurdity - beyond the realm of the rational.

To: John Graybill who wrote (46442)	6/21/1999 5:09:00 PM
From: John Graybill	Read Replies (1) \| Respond to of 53903

MUEI up another point today -- it gapped up with everything else, then traded in a 1/4-point range for no less than five hours. So MUEI stock somehow became 10% more valuable over the weekend, reaching a price at which every player in the market was in total agreement. Nothing funny there, eh? Looks like They needed to kill all of Wednesday's shorts in both MU and MUEI. This is why I like option spreads or at least "legging into" one rather than "naked" options. My long put has been chopped, but my short one has been as well. Now the disastrous earnings report (oops, not so disastrous any more because the estimates are collapsing even faster than the price of spot market DRAM) can be safely released.