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To: DavidG who wrote (23778)11/11/1997 1:01:00 AM
From: Skeeter Bug  Read Replies (1) | Respond to of 53903
 
>>Preannouncements,
earnings releases etc have different plays.<<

dave, be careful. this is down grade week, if last q was any indication. as in gap down grade. stop losses don't work well when you gap down. remember, mu preannounces to a select few. again this is the week.

will mu do better this q with an asp of $4.60 or so than they did last q with an asp of $6.50? me don't think so. $0.35 is 200% or more above the actual ops eps that will be released.

mu is ripe for a gap down and that is the way i'm playing it.



To: DavidG who wrote (23778)11/11/1997 1:03:00 AM
From: ratan lal  Read Replies (2) | Respond to of 53903
 
DavidG

All my indicators (Stochastics, Moving Averages, momentum ) show MU headed DOWN tomorrow. Be careful.

One silver lining is that overseas markets are up and S&P500 is up on Globex so it may help stabilize MU pricing as well as other US stocks.

Good Trading

Ratan