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To: Kathleen capps who wrote (23346)	10/31/1997 2:47:00 AM
From: MR. PANAMA (I am a PLAYER)	Read Replies (1) \| Respond to of 53903

KCapps they probably have not even started to sell....so just imagine how low it could go if they start tomorrow....I am looking to reenter and the lower it goes short term the better.. Looks like the Xmas discounts have started early....There will be broad based selling if people believe that deflation has flown over from asia and brazil faster than the Concorde.... A lot of stocks have to test the lows of this week ....and MU will probably fall more due to earnings fears as expanded upon by SB...hahahahahahaa

To: Kathleen capps who wrote (23346)	10/31/1997 10:11:00 AM
From: mike iles	Read Replies (2) \| Respond to of 53903

Kathleen, Re MU and volume ... it's all by guess and by gosh. There's no way of knowing for sure unless you're on the trading desk. My guess is that given the size of the 2 largest positions, Fido at 31.8 million and Capital 'Research' at 23.2 million, we haven't seen them yet. MU volume during this downturn hasn't seemed unusual to me. In fact it's anemic. On the other hand, the price action has been kind of pitiful too ever since the break from $60. I can't remember seeing a really decent rally with decent volume. MU just hasn't participated enthusiastically on the rallies ... it will be interesting to see how high it gets here if we get a general rebound. Hope to $30 for Skeeter's sake although I would urge him to cut his re-entry target to something like $28. Anyways my feeling is we haven't seen the big guys exit yet. Almost by definition they have to be wrong at major market turns (i.e. the kind that happen every 4-5 years) because they are the market. So when the market cracks again and the bear rears his ugly head, I think we'll see a day when MU trades 20 million+ and drops $5-$10 ... whole lotta shakin' goin' on as big Fido et al try to get thru a narrow door. This market must be entering a temporary schizo phase with Bateman and Skeeter reversing roles. Bateman a bear????? ... truly scary stuff! regards Mike