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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (57771)	4/27/2002 8:00:12 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 99280

I am out of MU since it breached $26.5, for now. Zeev

To: mishedlo who wrote (57771)	4/27/2002 8:37:08 PM
From: Jdaasoc	Respond to of 99280

It looks like MU is heading to single digits as long as Koreans are going to dump shares. For example in DEC 2001, CREE give SPCT 7 M shares at $40 for similar type of fab assets and now CREE is at $11. These market makers can smell baloney a mile a way and short the hell out of MU until Korean creditors have unload every last one of those 108M shares for peanuts. biz.yahoo.com On Monday, Hynix and its creditors agreed to sell the memory operation to Micron for 108.6 million Micron shares. The Idaho -based company will also pay $ 200 million in cash for a 15% stake in Hynix's nonmemory chip operations. .... Creditors also said Friday that Hynix will keep part of the Micron shares it receives for an unspecified period. "The shares also are there to help the new Hynix appear more financially sound," said Korea Exchange Bank Vice President Hwang Hak-joong. Creditors said they hope to cash out those shares when the Micron stock rises, he said.