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To: DavidG who wrote (26645)1/16/1998 9:59:00 AM
From: Duke  Read Replies (1) | Respond to of 53903
 
Sorry guys, I miss something here, what is the reason of the drop today. Is that a down grade?

Thanks;

Duke



To: DavidG who wrote (26645)1/16/1998 10:01:00 AM
From: Patrick Koehler  Read Replies (1) | Respond to of 53903
 
David and Tom, just downloaded charts for some of the MU puts. Estimating the volume, it looks like someone bought 1000 and 500 contracts on Tuesday, an outlay of about a quarter million bet that the stock was going down. Sure would like to know the details on those trades, as to who bought them, etc.
Patrick



To: DavidG who wrote (26645)1/16/1998 11:17:00 AM
From: Richard Russell  Respond to of 53903
 
dg

<< Will average up to 30 but not too confident that it will ever see 30 again for quite a while. Although I am not an advocate of Tom Kurlak, you have to play along with his absurd positions b/c what he says will carry momemtum for now. Besides MU was getting overbought as it went above 32.>> Agreed except for the fact that given his history his position is not at all absurd. RR


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