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To: DavidG who wrote (32697)5/1/1998 4:45:00 PM
From: Wayners  Read Replies (1) | Respond to of 53903
 
The uptick rule has helped me more than once as well. I wish they had a downtick rule on buys <g> . I think MU will make it near $35 over next 2 weeks. I base this mostly on the uptrend. Those higher lows near $28 and $30 makes me think its going to get past resistance at $32.50 to $33.00. At that point resistance is $35, or therabouts. I haven't checked out the SOXX. Of course there's no fundamental reason behind such a move--all technicals. I guess some people figure all the bad news must already be out of the bag so I'm buying MU today. I guess other people, myself included, look at a price chart and say, it looks like MU is going up so I will buy it today.

I'm only looking for $0.50 on a $33 or under stock, ONCE per day (roughly 2%). That's enough for me.



To: DavidG who wrote (32697)5/1/1998 10:41:00 PM
From: Chas  Read Replies (2) | Respond to of 53903
 
David I like your prediction over Waynes, It hard to believe MU will
trend up to 35 over the next two weeks. DRAM continues to fall esp 64m sync, That alone cannot be positive, andthe dumping stuff continues to be side shots at the last minute sounds like in the latest article by Robertson today with no merit according to the Hyundai Lawyer, so where is the positive news, yes, maybe in Q4 MU can get their 22um going to get a $6 cost but thats a ways out yet.
If they could get this kind of cost, it would bring back some profits
for MU for sure. Thats when I would be back in calls. Its hard to find any sync 64M shipping out of MU anywhere, so I think they are still in the beginning stages in ramping 64M sync.
Good trading.