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

To: IceShark who wrote (51880)	9/24/2000 12:35:34 AM
From: mishedlo	Read Replies (2) \| Respond to of 53903

My position is - INTC 50 calls as of FRI - Way oversold may bail quick on a DCB. No position in MU - Could break either way short term - But it is not a stock I would like to hold so no position. RMBS obviously long. BUT with calls only. If RMBS loses case against Infineon it will plunge 60% or more - I would rather lose 100% of a stake in options than 60% of corresponding common. That said the market is reacting as if it knows the answer. You think MU is tanking on its own accord but I disagree. MU is down AT LEAST PARTIALLY because of RMBS. RMBS up and INTC down 20% is simply amazing. It really is, unless you are blind you have to admit it! I would sell RMBS on a down break of 75. In spite of numerous chances in a very weak market, in spite of all the DDR FUD, and in spite of INTC falling 20% in a day - RMBS rose. ARE YOU BLIND? We are almost close to reasonable discussions here - in spite of all the name calling. I believe semis will paek this year. I might even buy RMBS puts later, INTC PUTS and/or AMD puts. Too early to tell. Right now the TA says RMBS UP - MU down. If my analysis was incorrect on how this convertable stock works I apologise to the thread. That said - I sill believe MU to have stolen technology from LU as well as RMBS!