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To: Bipin Prasad who wrote (37211)8/11/1998 3:50:00 AM
From: Li Cai  Read Replies (1) | Respond to of 53903
 
Asian stock market is performing very bad now. I hope it will not hurt MU too much tomorrow. If market is too bad, it can make August 30 calls worth of nothing.



To: Bipin Prasad who wrote (37211)8/11/1998 5:01:00 AM
From: Skeeter Bug  Read Replies (1) | Respond to of 53903
 
onsook, i guess gloating would be a better word. you seemed so cocky that mu will just go up. i think the next move is down. the big boys make money on big swings. over 75% in the last few months. the upside, given fundies haven't improved substantially is now limited.

time to reset and play all over again. therefore, we go lower. not to mention the lead weight of fundamentals ;-)

actually, i do think this is a prime time to buy some mu puts. if you sell puts i'd say a much better time to do so would be in the low $20s or high teens.

lower highs and lower lows seems to be the current trend the manipulators follow. i'm selling all my puts in the low, low $20s and won't buy back until we are over $30 again.



To: Bipin Prasad who wrote (37211)8/11/1998 7:14:00 AM
From: Kathleen capps  Respond to of 53903
 
Insook,

I think you are wise (wiser than I was) to realize that despite poor fundementals, MU will trade in a range, and better yet, to make some money from that knowledge.

Good Luck

Kathleen



To: Bipin Prasad who wrote (37211)8/11/1998 7:16:00 AM
From: Chas  Respond to of 53903
 
Bipin,
I sure wasnt bragging selling 1k shares yesterday at 33.5. It was worth 36+ last week. But with the pressure on MU decided to take the one point profit I had left while I could. I post not to brag but to really show some trading acitivity. I always like to know what trading everyone else is doing based on what is happening with the stock.
If you are buying puts, I sure would like to understand why especially if I am thinking calls. I still hold 40 oct 30 calls, not real sure
what I am going to do with them, as its too late to sell them without taking a loss, so I may wait it out, hopefully something will turn here eventually.
Good trading.