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To: DavidG who wrote (34561)	6/8/1998 5:11:00 PM
From: TREND1	Read Replies (1) \| Respond to of 53903

David I do not know what the probability of 15 white candles in a row is ! ...................................... But...The Federal Reserve and Journal of Finance studies give a very interesting conclusion..... (1) After big drops come big rises. (2) Studies were done on a monthly close basis, so can read too much into the current situation. (3) My own studies on MU indicate a 1/2 to 2/3 retracement is likely.....but so is a 1/3 retracement... (4) Hey ! As long as very day has a new DHH...sit back and wait ! Larry Dudash

To: DavidG who wrote (34561)	6/9/1998 11:40:00 PM
From: John Graybill	Respond to of 53903

9 white candles in a row, three days left in the week before earnings are announced (probably) on Monday, still not getting the accelerating volume and price that marks a short squeeze, but I just don't see Big Money keeping a streak going through the earnings report just for the sake of keeping it going. The ultimate paranoid (i.e. bear) scenario for the next few days would have the MU/TXN deal happening at reportedly favorable terms to MU (until you read the fine print), to be announced with great fanfare and ringing of the Boise church bells on the same day as the earnings announcement. Or perhaps selling off Lehi to raise some cash (but that would make it appear that MU is shrinking not growing, wouldn't want that). Maybe some combination? Sell Lehi, make a big deal about getting some cash out of it, buy the Twinstar fab, make a big deal about increasing market share, quietly sell a few million shares of MUEI at 12 1/2 instead of 10 (gosh that phoney run-up in MUEI a few days before the MU/TXN stuff very conveniently and coincidentally increased the value of MU's MUEI stock, huh!) (and doesn't that MUEI graph look flat since the run-up! instant and unanimous agreement that 12 1/2 is the perfect price!), and all looks well to balance out that buck-a-share loss.