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To: Dick Richardson who wrote (48191)9/12/1999 3:56:00 PM
From: Chas  Read Replies (1) | Respond to of 53903
 
I assume you saw MU drop like a rock to around 55 a short while back and then go all the way up to 82+.
Now, profit taking has occurred.
The only thing I know for sure is MU is unpredictable.
Some say do not fight the trend, but right now, MU looks like a screaming buy, but risky. Earnings will be a loss but seems like the analysts will be looking how MU will be in 6-9 months and should be much better. DRAM is seasonally
strong, many transitions in the DRAM are in the beginning here, I think the shortage will continue, price will continue to be strong. Mu has to make money with this environment. They have multiple channels, different branding like crucial, agreements in place utilizing e-commerce, maximizing 64M yields, into .18um now, best cost in the industry.
MU seems to have a fair chance to make money going forward is why I think the stock will continue to go up.
If I am wrong, I guess I will holding shares for a while..
About a post on MU price direction from here/?
Good trading.



To: Dick Richardson who wrote (48191)9/13/1999 1:22:00 AM
From: Keither22  Respond to of 53903
 
Dick: You are right about the MU specialist, he is wicked. Very tough to get a short sale filled unless the stock is rocketing up. Got a rip-off short sale limit order filled last week which Waterhouse fixed for me after I complained. On the other hand, AOL is superb for a fill and DELL is also very good but of course, they both have more liquidity. Still, even on high volume days, MU stinks (for the retail trader).



To: Dick Richardson who wrote (48191)9/13/1999 11:22:00 AM
From: John Graybill  Respond to of 53903
 
Dick, welcome to the thread. If you have some experience with figuring out the short-term tricks of the specialists, type away.

I wrote last Wed/Thu that it appears that we are experiencing a "pre-expiration boomerang", where we drop 10% or more in four days or less into the Fri/Mon before expiration, then come right back in four more days. I'm long at 75 and expect that we will be at 82+ by Thursday.