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To: Bipin Prasad who wrote (37229)8/11/1998 9:25:00 AM
From: DavidG  Read Replies (1) | Respond to of 53903
 
Insook,

Be careful, maybe more Asian devaluations to come, this will be much worse than DRAM prices dropping. If you are buying on dips, wait a little longer for best prices. If MU breaks 32 today then it will drop quickly to 26-28 level.

Good Luck Trading

DavidG




To: Bipin Prasad who wrote (37229)8/11/1998 9:17:00 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 53903
 
insook, who is saying dram is dropping? not me. in fact, i'll admit that it may have bounced 1-5% or so with all the holdbacks.

however, when your net loss per chip is well over $0.50 then a $0.10 move doesn't impress me. i'm surprised you are so easily impressed ;-)

btw, as mike has pointed out many times, the holdbacks always end. the end result is always worse than it would have been with no holdbacks. that is mu's future that you are betting on.

btw, sell those puts today? ;-) we are down about 4 points since you said you wanted to sell puts - in 2 days! ;-)