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To: TREND1 who wrote (23184)10/28/1997 9:57:00 PM
From: Skeeter Bug  Respond to of 53903
 
larry, i take reality, chew on it and spit it out. if it is ugly, i can't help it. it is reality, though. no matter how much the bulls want to say i'm biased.

i'm not. they are blind.

if and when mu turns the corner in a better environment, i will probably be one of the first to see it coming.

i may even go long. however, i distrust the management team and that makes it hard to invest with them.



To: TREND1 who wrote (23184)10/28/1997 11:39:00 PM
From: Peter Shaw  Respond to of 53903
 
In 3 trading days, the Dow fell about 900 points total. 450 points would be a 50% retracement, so there is a bit more upside left for the strong open tomorrow. MU bounced off of that major 25 support, as it should considering the technical types who trade this volumnous beast! Two more up days max for MU according to Trader Vic's strategies/probabilities, but I don't think the broad market will cooperate. We will be retesting the recent lows going forward the next few weeks, IMO, but the 200 DMA could provide a settling point in the meantime (~7400)...

Good Luck to all,

Peter Shaw