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To: Lucretius who wrote (539)6/1/1998 10:31:00 PM
From: Thean  Respond to of 14427
 
I thought the trend in the security retail business has been a shift away from the traditional pressure room brokers to truly value-added financial consultants where they act like a personal money manager taking charge of anything from investment to business loans to estate planning. I happen to look at a Solomon Smith Barney ad recently and that is how they advertise their "brokers". Am I seeing something that is not there?

Note: Never used a full fee broker since 1991.



To: Lucretius who wrote (539)6/2/1998 9:54:00 PM
From: Thean  Read Replies (1) | Respond to of 14427
 
LT - IDTI just warned tonight about overall weak PC environment. Its mainstay, SRAM, is commanding weak pricing. A must-read.

biz.yahoo.com

Don't think DRAM is any different. The flood gate is beginning to open. In an up day on Nasdaq and MU closed down and inched closer to $22. Definitely not a good sign. I'll check the option activity as well.



To: Lucretius who wrote (539)6/2/1998 10:20:00 PM
From: Thean  Read Replies (2) | Respond to of 14427
 
MU - option activity today

vol Call Put
Jun 997 622
Jul 927 3803
Oct 409 144
Jan 180 723
---------------
2513 5292
---------------

It is clear to me that
1. The centerweight for the put activity has shifted to July.
2. There is a huge July 25 Put position taken up today.
3. 2:1 Put outweight Call when MU is near its $22 support.

Net - I'm keeping my Put.

Your other short pick, INTC, is ripe for the taking as well. $35? Let go for it.