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

To: TREND1 who wrote (26864)	1/20/1998 11:50:00 AM
From: DavidG	Read Replies (5) \| Respond to of 53903

Larry, People should go easy on the bears. Since earnings came out they were sure that MU was going to dive into the teens and single digits and were aggressively buying out-of-money PUTs to make a killing. They even pumped each other with all the bad news they could dig up... while overlooking, ignoring or just eloquently talking away all the positive news as BS. Then when Tom Kurlak comes out with a significant downgrade, all of a sudden he is their new Messiah and even the bears that indicated they were on the sidelines were now shorting MU in reverance to there new found leader. It just goes to show you, the "Forever Bears" on this thread will believe and follow anybody who says what they want to hear...even though it makes no sense and defies all logic. It is sad, but they are doomed to poverty with an attitude. It must be said though, that one or two are beginning to realize that MU is simply a trading stock, and are starting to hold those PUTS like hot potatos and dumping them as soon as a profit is realized. Good Luck Trading DavidG