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

To: DavidG who wrote (30022)	3/12/1998 3:54:00 PM
From: Chas	Read Replies (1) \| Respond to of 53903

After pondering and weighing the situation, I pulled out of my puts today 23 at 3 1/8. I guess the potential of the earnings being better than initially thought and playing with the one time charge could be positive looking forward. I really thought because DRAM is going nowhere but down from here would be a real negative for Micron. But, the twist is the consensus of the market and Microns ability to make it sound wonderful going forward and I now believe they can do this. I remember last quarters conf call and it was like pulling teeth for some of the analyst to get any real answers on this qtr estimates. Thats my cut, I got my tail between my legs, I was convinced this announcement was going to be really negative, but maybe it will and maybe it wont. There is an amazing amount of strength in this stock too, I would have expected it to slowly sink to around 31 by now. Appreciate your view once again. Good Trading.