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

To: mu_basher who wrote (24648)	12/2/1997 5:16:00 PM
From: DavidG	Respond to of 53903

Greg, << I'm holding some MUME and your suggesting sell if MU=25? Why not hold to see if it tests 22 rather than buy back in again. >> First of all i actively trade MU and may only hold an equity or PUT for an hour or days and I was talking to Patrick who also actively trades MU. Although I am not a professional trader I obtain very good rates from Fidelity that allows me to trade often.... so if I feel Mu is appoaching resistance pts I quickly sell equities and at support levels quickly sell PUTS. IMO I have found that there is a higher probability of stocks bouncing off support levels than sinking thru. So I sell Puts at supports and if it goes through I buy them back. The commission is negligible compared to loss of profit if it goes back up and the missed opportunities of future trades. Also, I think the fundamentals are looking better for MU and it may not go through 25...If I am wrong then I will play it accordingly. Good Luck Trading DavidG PS: Beware of Tom Kurlak, he is at the old PUMP and DUMP again. Even though he didn't mention MU in his downgrade, it was intended... so MU could drop. Then he will come back and tout MU after he and his cronies are already in mU.:-)