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To: ratan lal who wrote (35913)7/1/1998 11:37:00 AM
From: DavidG  Read Replies (1) | Respond to of 53903
 
Ratan,

I have not been trading MU much in past few weeks. Volume too low and fundamentals much different today with acquisition. Sometimes it pays to step aside and watch. I have been alternating between 3 other stocks that I have been trading.

IMO I think MU is going to shoot up one day and move into the low 30's. I might consider buying on dips but at the moment don't feel comfortable shorting. I am not too eager to give back my hard earned profits.:-)

I have a sizeable long position in OCT calls, that I have rolled over once already. I could be wrong but I think in the fall and end of the year MU will be much higher.

Good Luck trading

DavidG



To: ratan lal who wrote (35913)7/1/1998 12:18:00 PM
From: Bipin Prasad  Read Replies (1) | Respond to of 53903
 
I generally agree with DG. Looking at the chart, don't see much
weakness to short for now unless you are very nimble and for thin
profits. We might see a little bit low in Aug, then we'll see much
higher price till end of the year.


Good luck with your position!

InSook Prasad



To: ratan lal who wrote (35913)7/3/1998 8:44:00 PM
From: John Graybill  Read Replies (1) | Respond to of 53903
 
ratan,

The graph from the time it peaked at 27 to now looks like the graph from the peak of 39 on February 5, i.e. a good time to short.

An earlier post of mine explains my reasoning then: #reply-3357216

Just trying to decide if we've seen a big climactic volume spike that would be strong evidence of a top. I don't think we've seen it yet.