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To: TREND1 who wrote (34124)6/1/1998 1:59:00 PM
From: DavidG  Respond to of 53903
 
Larry,

I agree with you. MU makes up the SOXX and having a higher beta tends to exaggerate the up and down. Here we are again with the SOXX and MU back in DEC, 1997.

The MU bears did call the move but I think for some of the wrong reasons...but overall I guess they are a fun bunch of guys...except for Mike Iles...he is too serious.<vbg>

The $64 question is will the SOXX hold at its support or continue lower. I am playing for a near term bounce but not to confident about how many tests before a violation. The Specialists are looking for capitulation before they say the correction is complete.

DavidG



To: TREND1 who wrote (34124)6/1/1998 2:02:00 PM
From: yard_man  Respond to of 53903
 
>>
Will it happen again that way ?<<

Yes, just the direction will be changed.



To: TREND1 who wrote (34124)6/1/1998 8:49:00 PM
From: Knighty Tin  Respond to of 53903
 
Larry, But didn't all the people who bought the stock on a 4 cents eps disaster get committed to mental institutions? <G>

MB



To: TREND1 who wrote (34124)6/1/1998 9:59:00 PM
From: Skeeter Bug  Respond to of 53903
 
larry, mu should have gone to $16. a strong tech market along with mu management misleading the gulli-bulls with obvious nonsense about korea being nearly out of inventory drove this stock way up (of which i sat out of the whole up move). now, it appears that only the sellers during that time period were smart. imagine that ;-)

i'm looking for single digits before october persperation. the tech bull is over. naz has seen its highs for this millenium.

time to make money on the downside...