Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Bill/WA who wrote (8645)	9/21/1998 9:07:00 AM
From: Herm	Read Replies (4) \| Respond to of 14162

Howdy Bill, MU - CHIPS AWAY! TIMBER Well! MU is down and out in profits that they can't even calculate the approx. P/E. Not a good sign. And, a walk through Best Buy or CompUSA shows that chips are so cheap they will gift wrap them for you! So, I don't think they will get any relief anytime soon. With the Asian Flu getting worse they will be dumping chips in the USA. Not to mention, the higher US dollar. Your bear trap is a so to be potential $ hit! A recent 52-week bottom pegged MU at $20 1/16s. It may go lower again! Even MU's consensus future 5-yr Growth Rate of 16.58% is lower than the semiconductors subindustry P/E of 25.6%. MU is really lagging the whole industry on top of that. TIMBER! NYSE: (MU : $29 7/8) $6,356 million Market Cap at September 18, 1998 Ranks 342nd in the Fortune 500 on Revenue & 141st on Profit. Employs 9,900. Loss Expected for 1998; Semiconductors SubIndustry priced at 25.4X PE MU TECHNICALS MU's price is about to tag the upper BB and the RSI just crossed above 50. Looks like another replay of the past to me! What you see, is what you will get based on MU's price pattern history. askresearch.com MU PUTs? Your MU JAN. PUTs is steep for a bear trap. Think "cheap" and "loads." How about (MUWE) NOV. 25's @ 1/16 and get a boat load. Perhaps the (MUWY) NOV. 27.5s @ 1 3/8s if you are less risk tolerant. I would think if MU drops back to $25 those NOV. 25s would quadruple in value! By the way, under each SI message on the bottom reads "To link to this reply, use the following Location:" Message 5795257 . That was your reference you mentioned. So, off we go. I'm taking the day off to work on that CD project.