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To: Earlie who wrote (26790)1/18/1998 11:17:00 PM
From: DavidG  Read Replies (2) | Respond to of 53903
 
Earlie,

>> As noted earlier, when shorting, it is the risk/reward ratio that counts, and MU's is
now exceptional.
<<

So does this mean on Tuesday you will be shorting MU or are you waiting until it goes a little higher?

Just curious of your investing strategy.

DavidG



To: Earlie who wrote (26790)1/18/1998 11:26:00 PM
From: Skeeter Bug  Read Replies (2) | Respond to of 53903
 
>>deriving a probable profit expectation for the quarter also does not require rocket science.<<

early, don't forget to add $30 million per q to depreciation and amortization over and above last q. that is $0.15 more per q in the loss column.

mu would have lost $0.11 LAST Q had they added the extra $30 mil cost in last q instead of the next 3.

oh, and this doesn't include the writing down of inventory.

i'll buy that for $30 chanted the screaming masses.

what a deal. what a deal ;-)