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To: TREND1 who wrote (27410)1/30/1998 12:32:00 AM
From: Skeeter Bug  Read Replies (1) | Respond to of 53903
 
larry, weren't you telling me mu was going down for a few days (my direction) when it was $32 and change? ;-)



To: TREND1 who wrote (27410)1/30/1998 12:39:00 AM
From: Tim McCormick  Respond to of 53903
 
Larry, I've been short since 33 a week or so ago. I try not to overtrade. I take a fundamental position and time entry and exit with technical objectives. Overtrading carries a very big risk of missing the big gap coming out of the blue. I will not trade MU on the long side. MU is near the point where their $500M credit line is withdrawn. Weekly quotes for SDRAM have never upticked. Test bottleneck will lead to inventory writedown. Relax, its just a matter of time. Tim



To: TREND1 who wrote (27410)1/30/1998 12:49:00 AM
From: Richard Russell  Read Replies (1) | Respond to of 53903
 
Larry,

I don't neccesarily find that amusing. I think it's a good trading position. What makes you think bears don't put their $ down. The bears made tons of it from 60 to 22. I have nothing but respect for the traders who make $ on mu, bear or bull. You, Pat, &dg aren't the only ones. Just differing views on mu the company. RR



To: TREND1 who wrote (27410)1/30/1998 2:15:00 AM
From: Earlie  Respond to of 53903
 
Larry:
Welcome to the bear lair.

A patient but early bear I know, did his homework on IBM, then waited patiently until 10 minutes before the close on the day IBM provided its Q4 quarterly report, at which time he acquired a modest put position. Two days later, he cleared the position, a bit early, but at a 100% plus profit. That same bear, having done his homework on Mu, probably again exercised patience, no doubt awaiting the passage of a noisy train, before venturing out onto the tracks. Having noticed yesterday's large opening volume spike, followed by a satisfying drain-off (which coincided with a price peak), and having witnessed a similar but smaller volume spike this morning, I have no doubt that he is currently establishing a straight short position, feeling that he has both decent fundamentals and a bit of TA on his side. Has this short squeeze/panic passed? Has all the cannon fodder been exhausted? Time will tell.

Bless all you day traders for putting down your money so frequently. Some are comfortable in so doing and some are not.

As noted earlier, I post to SI to both acquire and provide info., not to discuss personal trades. Once I've posted an idea that I think might be of interest to others , and once it has been discussed, I rarely find a reason to repost it.
Best, Earlie