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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: PaperChase who wrote (63241)	6/25/1999 10:16:00 AM
From: Skeeter Bug	Respond to of 132070

big buying at mu's ask...

To: PaperChase who wrote (63241)	6/25/1999 10:29:00 AM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

PC, I certainly hate MU's slimy guts, but that is for all the lies. My holding of puts has more to do with the fact that the co. has never had free cash flow, is losing money hand over fist, is deeply in debt that it cannot service, and the prices of its main product are declining faster than ever from an already money losing price. Believe me, if I thought that the co. had any chance to earn enough money to rate a valuation above the single digits, I would not be long as many puts as I am. Today's dead cat bounce is just retards on parade. They did the same thing with all the SRAM stocks and Presstek and the graphics chip stocks, etc. They think that because a stock has been at a previous price, there must have been some reason to be there. In Mu's case, that is idiotic thinking.