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To: TREND1 who wrote (29653)3/7/1998 12:40:00 PM
From: Richard Russell  Read Replies (1) | Respond to of 53903
 
LD,

>>I must admit I am getting chicken to go long MU,
even short term.<<

Are you being sarcastic or are you serious? If serious why?

There is so much negative sentiment on this board, aol, yahoo, prodigy and among most trader/investors who I know. Everyone is focusing in on these earnings and how badly it will effect mu stock price. What if the earnings are -30 to -50 and nothing significant happens to the downside like last qtr. Will all the shorts panic and push this dog up more absurd valuations? Even with a big loss the cc will be future bright, competition thinning, korea won't get IMF $, filing more dumping complaints on those bad foreigners who caused this horrible loss, and testing next generation chips, getting better shrinks, are the best lowest cost producer, demand will firm, etc. etc. etc.

Or with all these phoney upgrades is gs and fiends getting ready to pull the plug?

RR



To: TREND1 who wrote (29653)3/7/1998 3:01:00 PM
From: Chas  Read Replies (1) | Respond to of 53903
 
Larry,
I totally agree with you, going long right now would be very risky.
I think we just saw all that MU had with Nasdaq being up 41 Friday. Monday will be interesting, and by earnings MU could be go down to the mid 20's as you mentioned.
Has anyone looked at the ideal put option to buy and hold for a couple of weeks. I still like the April 35's, but I would appreciate any inputs. I still kick myself for being greedy and not buying them at 2 5/8.
Good Trading.


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