To: Jim White who wrote (48872 ) 10/3/1999 10:21:00 AM From: Zeev Hed Read Replies (1) | Respond to
Jim sometime late in April or Early may (the stock was in the low $40 and going back down to the mid $30') I suggested that MU's stock will rocket later this year (sometime after after July 2nd) and stay above $87 for 20 out of 30 consecutive days. This to force the conversion of outstanding convertible debentures (quite a lot). This is what we refer to on the thread as the "scenario". Later I suggested that in order to achieve this, the stock will have to sometime get above $95, and that will unleash the MoMo crowd, since it would be an all time high for MU, and thus I suggested that we could see, under the scenario, MU trading as high as $115 or so (a spiky $115 at best, just above $100 more likely). Skeeter felt at the time (MU at $40) that we are never going to get even close to $87, so far, we reached $85, if it is due to scenario or not, no one knows, but it was not a bad call, whatever the rationale (VBG, here you can see me patting myself on the shoulder VVBG)).techstocks.com techstocks.com techstocks.com techstocks.com Message 9627875
