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To: TREND1 who wrote (33358)5/14/1998 1:12:00 PM
From: DavidG  Read Replies (2) | Respond to of 53903
 
Larry,

I believe it was April 6th. You are lucky since I save my Telescan weekly charts with 15 minute data. It gapped down from 30 1/4 to 29 5/16.

DavidG



To: TREND1 who wrote (33358)5/14/1998 8:04:00 PM
From: TREND1  Read Replies (2) | Respond to of 53903
 
Very Interesting turning point !
(1) Chart one shows MU GAP DOWN DAY
All but one gap was closed in 1 to 6 days
(That means MU back to 30)
(2) Chart two shows what I call "the last" MU UP CHANNEL
(3) Now 4 red candle days in a row
(4) MU MLL, if trade below 27 3/8.....getting close.
(5) Etc,etc...but a very interesting day "tomorrow"

geocities.com

Larry Dudash



To: TREND1 who wrote (33358)5/15/1998 3:38:00 AM
From: Skeeter Bug  Respond to of 53903
 
larry, mu will be spending about $200+ mil on cap expenditures and will lose about $100+ mil this q. that is a net cash outflow rate of $100 mil a month or over $3 mil a day.

some "experts" (of course, they are ay least 12 months too late, but i'm sure they have that all but mystical 30 years of 'experience" ;-) say supply demand is bad through early 1999 meaning prices continue to plunge.

how long can mu go before they have NO free cash in their coffers? that is the question. when they run out of cash, where will new cash come from?

are you gonna donate? ;-)

i REALLY HOPE mu bounces tomorrow. however, with national saying that they will disappoint for the next 6 months mu has a tough road. especially if mu management shafted the retail longs who love them so much ;-) A-G-A-I-N! some people just love PAIN!

what happens when a company runs out of money? what happens to its creditors? what do those who have issued credit lines do?