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

To: Uncle Frank who wrote (46884)	6/30/1999 12:19:00 PM
From: John Graybill	Read Replies (1) \| Respond to of 53903

Nah, not even a dead cat bounce, this is still fallout from the CNBC guy yesterday. Usually it's three days of teeth-gnashing before They stop the pressure. They aren't silly enough to try to keep it up all the way through the DLJ tout on 7/10. (Paging Tad: You gotta tell your colleague to wave the LU lawsuit story around while he's doing an "in your face, sucka!" end-zone dance around Boucher on 7/10. "The DRAM market has turned", but their own research shows that MU has sold at $3.75 since the earnings release. Maybe he could just lean back in his chair and make "blah blah blah" faces like Chevy Chase used to do to Jane Curtain during the SNL news skit.) I don't think They're even really trying to squeeze shorts, just sucker in the "buy the dip" crowd. When it's been stretched long enough for cellhigh & company to show up to tell us that MU is up because "it's a happy stock", then we can get back to the business at hand. Option players: My July 42 1/2 - 40 spread continues to slowly appreciate as the premium on the 40 put deteriorates just slightly more than the premium on the 42 1/2 does. Current buy-back at market would give me 1 7/16 for a profit of 7/16 on my $1 buy-in. Slow profit, yes, but the only effort I've expended is unplugging my phone so I don't overtrade in trying for more than a 2.5x return.