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To: TREND1 who wrote (29975)	3/12/1998 3:44:00 AM
From: Skeeter Bug	Respond to of 53903

larry, the street is betting that those estimates are wrong. they are. however, they are way too high and the herd of dolts thinks they are too low. however, this dram based hard drive is intriguing and may be important. it may not. maybe it will have zero impact like the microstamp did. but, since i'm objective, it is worth pondering...

To: TREND1 who wrote (29975)	3/12/1998 8:33:00 AM
From: Patrick Koehler	Read Replies (2) \| Respond to of 53903

Larry & traders, a couple of days ago, I mentioned a possible upward channel with MU.for the past 12 days. It still exists, but the downward channel for the past month is more probably, and for today, I see the high part of that channel at 35 3/8, and the low end at 30 1/8. I see resistance at 35 7/8 and support at 33 1/4, and major support at 33. I sold my longs yesterday, and went short, looking for downward movement today, based on my computer. What do you and other traders see for today? Patrick

To: TREND1 who wrote (29975)	3/12/1998 9:06:00 AM
From: Patrick Koehler	Read Replies (2) \| Respond to of 53903

Larry, just checked the CBOE for option open interest on MU and found the following Strike Calls Puts 25 79 1649 27.5 192 1236 30 3441 7354 32.5 1215 6171 35 11783 9185 37.5 5810 346 40 4130 391 42.5 1426 30 Total 28076 26372 There is a total of 54,448 options, but if MU traded at exactly 35 on Friday week, 23,149 calls and 25,605 puts would be worthless! Only 4927 calls and 767 puts would be in the money. But, the earnings report may change all of this. Option trading neophytes, take note, that only one in ten would have value, not necessarily profit, but any value left. Patrick