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To: TREND1 who wrote (22868)10/24/1997 12:16:00 PM
From: mike iles  Read Replies (1) | Respond to of 53903
 
Larry,

Would value your TA right now. Assume MU has broken the mother of all support trends. What does that mean?? Can you project a price from that, i.e. where is the bottom?

Peter's comment about volume. I agree but I think the volume will be a lot higher than 7-9 million. My hope is that MU's 19th nervous breakdown day will see volume > 20 million and the stock dropping $5-$10. Remember we have some very large gentlemen (Fido, Capital 'Research', etc...) trying to get thru a small door. I think today is more likely just a wakeup call for these guys. When they start moving the tremors will be severe ... probably we'll have to strap down in order not to get bounced around.

'MU ... tanks for the memory'

regards Mike



To: TREND1 who wrote (22868)10/24/1997 12:47:00 PM
From: Mintu Pal  Respond to of 53903
 
Hello Larry:

I agree with you that the ceiling is now $33.625. I am expecting test of this long before November expiration. If does not happen I am going to short MU at 33.00 not PUT. Well if it goes to that level.

$28 is the new support? The last range was 33 to 38 (very recently), next one is 28 to 33 ?????

Thanks.

Mintu.


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