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To: TREND1 who wrote (31471)	3/31/1998 11:03:00 AM
From: DavidG	Respond to of 53903

Larry, I am not sure I understand your subchannels...but your idea is something like Bollinger bands.<g> So far MU is resisting a violation of 28 so we are still in the 28 to 30 1/4 narrow trading range. I see the highest option interest in the 30 area which is consistent with the current trading range. With all the negative news coming out on MU lately, it is not effecting the stock price. This is usually indicative of an oversold stock Also, I wish you would have a talk with DJ...He seems to be posting more than usual amount of bearish news...I believe he is letting his biases affect his postings.<vbg>...God, even MB is supporting him.<g> Good Luck Trading DavidG

To: TREND1 who wrote (31471)	3/31/1998 11:26:00 AM
From: DavidG	Read Replies (2) \| Respond to of 53903

Larry and Pat, SOX is above the 300 resistance level. Are we beginning to witness a rebound in Semi stocks? If so you maybe we are seeing the lows of MU for a while. I do not believe the "forever bears" can continue to talk this stock down.<g> I couldn't believe one of the earlier postings where they were knocking MU b/c its cash level is approximately equal to its debt. That is like saying my $200,000 mortagage puts me in serious financial trouble b/c I only have $200,000 in the bank and it is only a matter of time before the bank takes my $1,000,000 home.<vbg> I hope the people lurking on this thread have the common sense to ignore those silly "forever bear" arguments b/c they really do not hold water.:-) Good Luck Trading DavidG