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

To: Land_Lubber who wrote (49459)	10/20/1999 9:37:00 PM
From: Joan Osland Graffius	Read Replies (3) \| Respond to of 53903

Land_Lubber, >> MU is bouncing off the bottom of a down-channel. It is mid-channel now. The tactic that is starting to crystalize for me for tomorrow or the next day is to nail it short when it reaches the top of that down-channel. I am looking at the same fork. I have been buying puts on each up day except today since the last shot at 80. I don't know if it will get to the top of the down-channel, but I will buy some more there. My center tine is around 64 and the top of the channel is at 68. The slope on this fork is steep and is degrading rapidly. I see that DRAM went down another 10% today which should affect the stock price. I am also observing 5 day cycles on these moves. BWDIK Joan