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To: DavidG who wrote (23292)10/30/1997 10:52:00 AM
From: TREND1  Respond to of 53903
 
dg
Trading MU is like playing poker.
We know that sox= 307.06 (low was 275.28)
We know that MU's low was 25
...................................
So we (as traders) all calling MU's hand.
We are saying "Show me 24 7/8 MU" !!!
"Or you have run out of gas on the down side"
.............................................
Now we just keep on eye on MU and SOX for the rest
of the day.
Larry Dudash
PS: we do this even though we know the MU monthly and weekly
trends are "very down"



To: DavidG who wrote (23292)10/30/1997 10:57:00 AM
From: TREND1  Read Replies (3) | Respond to of 53903
 
dg
One last thing, if MU pulls a 24 7/8 !
We fold (g)
Larry Dudash
PS: Like playing poker.....we know we can NOT win every hand,
but hope to leave the game a winner.



To: DavidG who wrote (23292)10/30/1997 9:40:00 PM
From: Skeeter Bug  Read Replies (2) | Respond to of 53903
 
dave, i expect that the techs will rebound and mu with them (it doesn't make any sense but that's the way it often happens).

i saw gtw go from $1 to $4 to $1 to $2.50 in 4 days. i can't stomach that kind of volatility.

worst case scenario i got an education for free that i will use to make profits in the future. best case scenario and this bowser pops.

i will value the lesson, too. it was hella expensive there for a while.