Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: jimbo who wrote (51087)	4/6/2000 5:18:00 PM
From: Skeeter Bug	Read Replies (2) \| Respond to of 53903

jimbo, lots of risk. mu's business wil decline for the 2nd q in a row and eps will be down over 80% compared to last years q4. this might not stop knuckleheads from buyng this bow wow, but it should. every year i hear 2h will be great. y2k and an earthquake made last year good for 2 qs. disaster looms ahead, imho.

To: jimbo who wrote (51087)	4/6/2000 5:43:00 PM
From: Land_Lubber	Read Replies (1) \| Respond to of 53903

Jimbo, I made money with puts on the way down, then switched to calls after the reversal on Tuesday. However, I sold them too soon, and what is worse, failed to buy them back on Wednesday; instead, I bought puts and averaged down (Apr 100, cost av. 1.16). I regretted this decision and very nearly ate the 50% loss today, but could not justify doing it in face of what seemed like very limited upside to MU at this point. Tonight, with the upper channel edge getting good respect (as a resistance line), I am very happy with my Apr 100 puts, and would in fact have bought them again late today if I didn't already have them. A repeat of Monday tomorrow would not surprise me, even Monday and Tuesday rolled into one. People seem very complacent about the market right now. Look at a three year chart of the S&P500 or NASDAQ or whatever. The precipitous action of the last few days should not be taken lightly. It isn't over yet. These are not "ordinary" times in the market. Land_Lubber