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

To: TREND1 who wrote (26002)	12/21/1997 2:35:00 PM
From: Patrick Koehler	Read Replies (1) \| Respond to of 53903

Larry, it is possible that point A is similar to point B. I would like to mention that MU stock Monday and Tuesday may also mimic Feb 6 and 7, 96, due to short covering and then selling and more shorting. For those without the information, on Feb 5, 96, MU closed at 37.63 On Feb 6th, the stock spiked up to 42, closing at 41.88, similar to last Friday. On Feb 7th, 96, the stock opened at 42.75. hit 44.75 and closed at 41.38. Over the next 7 trading days, the stock faded down to 34.88 before a bounce. I expect to sell short or buy puts late Monday or Tuesday, if the computer tells me so, and I expect it to about then. Larry, don't worry about the e-mail. I check your web site regularly. However, I believe in the saying, "if it works, don't fix it". My computer system is working great, and I normally don't lose on a trade unless emotions or fundamentals, like the earnings last week, enter in. The previous close at 22'1 meant that there would be support at 22, which we had. I ignored it. My computer and stochastics was not giving any sell signal, but very close to a buy signal. My puts cost me a bit. Davidg also mentioned the 22 level to watch, and to buy puts IF, IF it broke 22. It didn't, and he didn't lose any money from puts. Fundamentals like DRAM prices don't mean much to me, because I believe that these factors are accounted for in the stochastics of the stock. I want to watch that computer more closely, and reading this thread less, so my emotions don't enter in. So, if you don't see a post from me for a while, I am not reading SI. Doing other things for entertainment. Good luck with HAL and your new options program. Enjoy the holidays, everyone!! Gone Patrick