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To: TREND1 who wrote (25342)12/15/1997 3:05:00 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 53903
 
>>MU=22 would have been a monthly low and a new low for 1997.
Now MU=23 1/2....<<

i'm still thoroughly amazed at how dumb people are. they were dumb to pay $40, dumb to pay $50. super dumb to pay $60. now they are dumb to run mu up ahead of disaster.

but, that makes a market ;-)

bring on the news and let's see what happens to these people buying at $23.50.



To: TREND1 who wrote (25342)12/15/1997 4:19:00 PM
From: Patrick Koehler  Read Replies (1) | Respond to of 53903
 
Larry, well, we got our trade at 22, 10K shares at 4:13 on the NAS.
I'm looking for 20 on the downside for my 30 Dec 25 puts, if the
report is bad. If it is a surprise, like .15, and they put a good
spin on coming quarters, and the tech stocks poised to jump, the
upside by Friday could be 27-28. So I bought 30 Dec 25 calls at 3/8
as a hedge against my puts. I just believe MU will not stay between
22.5 and 25 for the rest of the week.
Patrick


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