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: DavidG who wrote (32809)	5/4/1998 11:16:00 AM
From: Chas	Read Replies (1) \| Respond to of 53903

Anyone notice the volume on MURZ, vol of 115 popped up a few minutes ago. I picked up 20 at 2 13/16. Good trading.

To: DavidG who wrote (32809)	5/4/1998 12:24:00 PM
From: Patrick Koehler	Respond to of 53903

David, Larry, Chas - here is my read of MU for the next 2 wks until expiration: 1. MU has broken the downward channel and is establishing an upward channel. 2. My most accurate indicator is stochastics on the 15min chart, and is presently overbought. Therefore, I expect MU to be off by tomorrow morning. 3. With the next oscillation of the stochastics, I think that MU will punch through 32 1/2, the high set on 4-22. It may bounce off of the 33 resistance level, but in the next week, go through 33, and short covering will scramble and push it on up. I am planning on selling my puts, possibly at a loss, and start accumulating calls, whenever the computer gives me the buy signal which I will expect about Wed. morning. One conflicting fact to the above, is that the option open interest theory presently favors the 30 strike price, which I believe in. Maybe a run to 35 or so, then crash back to 30? Or maybe, the open interest will change and favor 32.5 by expiration. Patrick