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To: Patrick Koehler who wrote (24632)	12/2/1997 11:50:00 AM
From: DavidG	Read Replies (3) \| Respond to of 53903

Patrick, MU has moved about a point on its rumors of an announcement on semis. Most semis seem to be down. SOXX down almost 14 at lows of day. He is not expected to say anything about MU or INTC but they should follow. I would expect to see MU test 25 support. I will sell all MUMEs that I have at 25 level and wait to see what MU does to move lower. MU may be at washed out levels right now. If it does break 25 than Buy puts or short again down to 22. It always pays to wait around support levels. Good Luck trading DavidG

To: Patrick Koehler who wrote (24632)	12/2/1997 11:58:00 AM
From: Mike M2	Read Replies (2) \| Respond to of 53903

Pat, I don't know what CNBS has said lately I keep the mute on most of the time or the TV off. I must say that if a bear had been as wrong about his long term calls as TK or Dan Niles they would have ripped them apart. I remember when Faber boy ripped into Fred Hickey for being "wrong for so long" I think Hickey's long term outlook on the fundamentals has been damn good. The problem has been we are in mania and people seem to want higher stock prices at any cost. they also seem to be hard on Fleckenstein. Why can't they admit that these guys called the fundamentals right even if the market chose to ignore the deteriorating fundamentals. Mike