Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (24145)	11/15/1997 4:04:00 PM
From: Peter Shaw	Read Replies (1) \| Respond to of 53903

Skeeter, The option volume you cite as telling is far less bearish than you think. If MU showed signs of a short term bottom, Put owners were rushing to close their contracts, hence the large voulume of trades. Check the open interest next week to find out if this is true. If it was all put buying, than the put/call ratio is so high that it is a classic contrarian signal (as Marty Zweig designed it to be). Either way, it is a bullish indication to me, and I would expect a little upside bias over the next few days if this was the only indicator to follow. Good Luck, Peter Shaw

To: Skeeter Bug who wrote (24145)	11/15/1997 7:41:00 PM
From: mike iles	Read Replies (1) \| Respond to of 53903

Skeeter, Apparently, MU is having a meeting with the 'analysts' next week ... this from a recent Dan Niles report. Even though Niles has shaved his estimate for this quarter to .14 from .39, he still rates MU a BUY. Memory prices are supposed to stop going down so fast and EPS will ramp from .14 to .22, .31, .43 over the balance of the year. He neglects to mention that at current prices MU is losing money, it is behind the big guys in the transition to 64 Mbit, it's balance sheet doesn't support the level of spending it has to make in order to ante up at the 'no limit' DRAM poker game (credit to Carl Johnson), etc... Opening line to the report: " DRAM pricing has obviously been declining at a ferocious rate since the end of MU's August quarter." ...... obviously? .... obviously? Mr.Niles does not lack for chutzpah. 'MU ..................... tanks for the memory' regards Mike