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To: Skeeter Bug who wrote (24161)	11/15/1997 8:08:00 PM
From: Peter Shaw	Read Replies (1) \| Respond to of 53903

Skeeter, Your scenario seems a little naive to me The market is so deep for MU that 190K shares could be moved relatively easy with the cost of a put hedge being prohibitively expensive. The big holders have been dumping shares for the last six weeks...MU made a lower daily low for six(?) straight days until yesterday. MU looks ready to make a short term move higher. If you hold a nice gain on December puts which are decaying more rapidly by the day, why wouldn't you cash in, close them out, and have that show up in a volume spike? Open interest will tell this tale. As Larry tries to point out to you, MU does not go straight down (or up for that matter). Options require quick decisions. Those who hesitate lose... Yes MU may break below 20 on this downturn, but it may go up a few points first. They got alot of borrowed cash on the balance sheet to move forward with, so they're not dead in the water hemmoraging cash. They will be around in the future. Memory seems to be stabilizing, and if a spike in prices suprises the market, look out!!! Bear market rallies are fast and furious. Good Luck, Peter Shaw