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To: Carl R. who wrote (33278)	5/13/1998 10:24:00 AM
From: yard_man	Respond to of 53903

>>primarily I owned calls from $34 to 42 when MU got too pricey for me<< I like that strategy -- rolling some of the gains into a stock that is trending up when you think it has got ahead of itself. This is good for me because I always sell too early!

To: Carl R. who wrote (33278)	5/13/1998 10:29:00 AM
From: Skeeter Bug	Respond to of 53903

carl, this low cost producer deal has been overblown by mu. i'd bet the top several producers are within a dime of each other. maybe much less. this industry is killer. here's why. korea has no choice but to increase production. nobody does. increasing output is the only way to substantially reduce cost. reducing cost is the only way to stay alive. add to this the billions in up front money (that DEMANDS a roi) and the incredible financial pain of quiting makes this an environment that should cause concern to any realist. another key point is that everyone is euphoric about dram turning. this euphoria must die down before the big boys quite and throw in the towel. otherwise they continue to build expecting the turn and the big profits. if the euphoria goes then so will mu's stock price. things must get much worse, imho, before they get better. i'm talking gen'l perception. jmho. good luck.