SI
SI
discoversearch

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.
Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?


To: Lucretius who wrote (439)5/27/1998 11:44:00 AM
From: Thean  Read Replies (1) | Respond to of 14427
 
LT - it is very, very important that MU closed below $25 today. Being the first breakdown below $25, coupled with today's dark day on techs and the rest of the market, a heavily traded stock like MU has to show leadership in the downside. If MU closes below $25 today, we are going to retest $22. I'd hold that thought of teens just yet. Let's take it one step at a time. Don't get overwhelmed by exuberance <gg>.

Drillers - some drillers like RDC and ESV are back in their low's. I would not buy here but will watch the development of oil closely. Will play the short term bounces if those prices get too reliculous.



To: Lucretius who wrote (439)5/27/1998 5:34:00 PM
From: bw  Read Replies (1) | Respond to of 14427
 
Crazy Days...
Shorting in this current atmosphere reminds me of the "running of the bulls" in Pamplona. I envision LT out there running through the narrow streets, with a confident lead ahead of the charging herd...when suddenly a few arrant bulls appear from nowhere. LT dodges into a recessed doorway and waits while the bulls run past and down into the nearby dell...
Now, the fast aproaching herd has gained ground and precious time has been lost...as the bulls approach closer than LT would like.

note: this post written from the safety of my hotel balcony with Sangria and Tapas...
to continue...