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

To: Freedom Fighter who wrote (64482)	7/13/1999 11:48:00 AM
From: IceShark	Read Replies (1) \| Respond to of 132070

Wayne, if POS is an option rig, then the rigging money holds calls long rather than the norm of having sold them. Take a look at the open interest - mucho call holders are going to make a killing and there ain't enough put holders that are ITM to even mention.

To: Freedom Fighter who wrote (64482)	7/13/1999 11:55:00 AM
From: Skeeter Bug	Read Replies (2) \| Respond to of 132070

wayne, folks have different opinions. here's mine. 1. dram is cyclical. therefore, everyone wants to be in mu when dram turns good. the fallacy here is that that may take a long time and mu may not be there. the other problem is that companies at cyclical peaks aren't discounted for their cyclical tumble. what's bad is good and what's good is good. too much money = dumb money. 2. the lie du jour that mu management appears to be spreading is that they control prices and have purposely made them low to drive out competitors. you know, the ones w/ more access to cash than mu has ;-) this is bs. total bs. if that was mu's plan then they wouldn't hoard inventory. they would sell it and drive prices even lower to get rid of compeitors even quicker. too much money = dumb money. 3. the sox is going up so mu must be doing well. too much money is dumb money. 4. "hey, i have a lot of cash and can either buy companies rocketing past their all time highs or buy mu at a 'discount.' i'm not stoopit!" too much money is dumb money. 5. some folks believe the crap the snake oil sales lady are telling them. too much money is dumb money. why would short be scared? $100 mil in losses isn't a reason to hold a short? inventories going through the roof? cash bleeding at the rate $200-$300 mil per q? these aren't the kinds of things that put fear in the eyes of shorts, imho.

To: Freedom Fighter who wrote (64482)	7/13/1999 12:18:00 PM
From: Mike M2	Read Replies (3) \| Respond to of 132070

Wayne, the Micron bulls have launched a tough love assault on the micron bears. The latest Richebacher mentions new records in borrowing and lending. Total credit ( financial & non-financial) expanded in 1Q99 at an annualized rate of $2.2 TRILLION , a new record, up 20% against 1Q98 and 120% 1Q97. The Richebacher Letter 1217 St. Paul St. Baltimore, MD 21202 It seems like AG wants to run full throttle to keep the bubble alive. He has set us on a collision course with tough love and economic violence . ho ho ho Mike

To: Freedom Fighter who wrote (64482)	7/13/1999 3:37:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Wayne, Yes. We have a short squeeze and DRAM prices have hiccuped from the bottom to the point where MU is only losing $1.50 a chip instead of $2 a chip. I don't consider that great news, but the market obviously does. Also, Jim "sounds like Norm McDonald" Morgan of AMAT was on CNBS this morning saying he expected a shortage of high end DRAM next year. Didn't say why, other than that he wanted to scare the dummies into buying more equipment. <g>