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To: Patrick Koehler who wrote (26712)1/16/1998 4:12:00 PM
From: DavidG  Respond to of 53903
 
Patrick,

I am holding with my PUTS over this long weekend...but I agree with you MU held in the window between 28 5/8 and 30...which is a sign of support. How much support remains to be seen.

Remember there is the 33 level that could be more difficult to overcome so there is more room to the downside than upside.

Maybe GS was in there today buying up all those weak holdings.

Make sure you catch ABJ on CNBC in next 15min. With that kind of position you will need all the support you can get.<g>

Good Luck Trading

DavidG



To: Patrick Koehler who wrote (26712)1/16/1998 4:42:00 PM
From: yousef hashmi  Read Replies (2) | Respond to of 53903
 
IF lehman analyst gumport follows dram pricing so closely and aic reported an increase in 64 meg and 16 meg, why did he say pricing went down. IN my opinion these analysts missed the move and are trying to buy stock at lower levels.THE facts are pricing is rising because supply is being eliminated because of plant closures.the fact is these competitors of mu are restructuring and closing plants, everyday last week there was announcements of plant closures!