Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: TREND1 who wrote (26422)	1/13/1998 11:19:00 AM
From: Patrick Koehler	Read Replies (2) \| Respond to of 53903

Larry, we have reached MU 30 strike price, pretty much on schedule. I sold my Jan calls this morning, but I am reluctant to short or buy puts in MU because of the potential effect from good INTC earnings tonight. I will wait until tomorrow. On any MU dip, I will probably be buying Feb calls, as I remain biased on the upside, regardless of what Skeeter says. <gg> Skeeter, remember that fundamentals don't count with MU. Gotta go with the flow to make money, and as Larry and the charts have been saying, the trend is up. Patrick

To: TREND1 who wrote (26422)	1/13/1998 6:42:00 PM
From: Skeeter Bug	Respond to of 53903

larry, investing is all about valuation. yes, there is a level that mu is a screaming buy. i just don't think near $30 is it. if dram goes up enough mu will make big money. i just don't see anybody holding back supply so mu can rape and pillage their market share again. if they don't hold back then prices don't get much better. a drap form $4.00 to $2.00 and a rise to $2.30 or whatever does not impress me. even if the toutsters think it is a great deal. ps - mu is looking ahead. too bad their vision is horrible. just like when their vision said mu earned $3.00 plus in '98 and hey, they were only off by $4.00 ;-) however, i learned from the last episode and have watched mu go up 8 points and haven't bought any puts.