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To: Lucretius who wrote (228)5/12/1998 10:25:00 AM
From: sand wedge  Respond to of 14427
 
Just dropped in to let you guys know your absence is glaring on SD. FWIW, Not everyone took the permabull stance or agreed with it. Your intelligent discussions rounded out the "look and feel" of the thread. Since I never had much to contribute from a technical standpoint, I will lurk here and post should anything of a tech stocks slant be discussed.

sw



To: Lucretius who wrote (228)5/12/1998 12:31:00 PM
From: Thean  Read Replies (2) | Respond to of 14427
 
LT - MU

MU is going lower low. I hope my open order to cover my Put get filled today. I'm not greedy, a good place to be out when MU trades $28-29 and I double my money in 3 sessions. It will bounce up an down and I'll come back with another Put. I do feel more comfortable with Put than with Call.

All - the drillers are really weak despite oil holding up pretty well. Not a good place to be but since they are short term oversold I'll watch for the reversal in the next few days. In fact, I may even add to my MDCO position soon.

OPMRF is really testing its support here at 11 7/8. If it breaks below this $11 should be a good support. This should not be broken. But if it does, we are heading down to single digit.

bw - SEV is coming to back below $22. If you want to hold for 2 weeks, this is a very conservative, low risk play (downside is $2 in two weeks, upside is $8 in 3 weeks).