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

To: TREND1 who wrote (47510)	8/5/1999 10:34:00 AM
From: John Graybill	Read Replies (2) \| Respond to of 53903

I guess They want us to think that Morgan Stanley's touting of LSI today is supposed to mean exactly the same for MU. (Of course, the good words are mostly because LSI did not issue a lot of extra debt and stock. Or maybe They are just reading all our posts. :-) Ok suckers, you got me! I've learned my lessons!: 1) I will not hold short overnight any more, nope, there's no way that somebody will issue some blowout downgrade anytime soon. Those earnings revisions from +30c to -19c for this quarter mean that the analysts don't know what they're doing. And the funds know that -- they don't listen to analysts anyway! 2) I will never again risk suffering through a gap-open that turns my winner into a loser, even though it's only for 1/4 point for like five minutes at the open. Oh the trauma! 3) I will always be at 200% percent margin, because I know that MU trades honestly and an entry based on six or seven fully agreeing and completely different signals will never be jacked around by MU specialists trying to shake me out. They're trying to maintain an orderly market -- that's their job! 4) I will always get out of a bad position during the first half hour of the day, because that is such a great indicator of the rest of the day, and I don't want my losses to get even worse with each passing minute. 5) I will no longer rely on "Insider Sales" information. The Street is right: CEO's, directors, and VP's have so much stock that their "ordinary and regular" sales should not be inferred to be a negative event. Same for various managers, designers, and engineers, who are selling everything they can, and at the same time. That's just a random coincidence! 6) I will not have "blowout protection" calls in place when I short MU. That never happens in the last couple weeks of an option cycle! What a waste of money! So I'm sure I don't need to say that I closed out my short at a loss at 62 1/2. :-) Oh I hope it doesn't go down with me flat, oh I would just kick myself. Come and get me, chumps!