Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Chas who wrote (30990)	3/22/1998 2:35:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

>>Any insight 0ut there on MU?<< down. i believe the analysts will now pull up yahoo quotes to do their thorough research and check the pe (which constitutes thorough research ;-). they will see 50+. they know dell, msft, gtw, cpq, csco, asnd 3com, xlnx, altr, and coke trade at lower pes and they will see, for the very first time, that there is a valuation problem with mu. then they will sell. golden showers is already selling. i expect a downgrade within the next 2 weeks. tom shellac expects losses through 1999.

To: Chas who wrote (30990)	3/22/1998 12:15:00 PM
From: Patrick Koehler	Read Replies (1) \| Respond to of 53903

Chas - you asked why I am long. If I trade on gut feelings, I normally lose. If I trade according to the computer and TA, the odds are normally in my favor. This past week, I did the following with MU: Monday, I sold MU long position at 34 1/8, (bot Fri at 33 7/16) Monday, I shorted MU at 34 1/2. Tuesday, I covered the shorts at 31 7/16. Wednesday, I went long at 33 5/8 and sold later at 33 7/8. Computer was neutral on MU until late Friday, so traded in other stocks. Friday, just before the close, the computer was indicating MU oversold, but not a buy signal yet, and I chose to gamble on a tech bounce Monday, so went long MU at 30 11/16. My computer indicators have MU signals oscillating about every 1-2 days, whereas, DavidG is flipping directions faster and more often than I do. I believe very firmly in the channel stuff, and that MU is in a good downward channel, so I remain biased to the downside. In fact, I may buy puts on Monday to ride for the next couple of weeks while I trade the stock back and forth. It would hedge my long positions. I will trade 1/2- 2/3 positions on the long side, and full positions on the short side as long as MU remains in the downward channel. .That's more than you probably wanted to know, but that is why I am long! <gg> Patrick