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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: put2rich who wrote (39349)	9/29/1998 1:02:00 PM
From: DJBEINO	Read Replies (2) \| Respond to of 53903

Micron Technology Inc. (MU) 31 13/16 -2 1/16: --UPDATE-- Gruntal & Co. maintains "buy" rating on memory chip maker as fiscal Q4 results were better than expected; smaller loss posted in Q4 was due to aggressive cost reductions and enhanced manufacturing; the company managed to expand its megabit shipment aggressively in the face of steep price declines; improved manufacturing efficiency also led to improved gross margins; currently has a 12-month price target of $35 a share, but is subject to an upward revision after review.....

To: put2rich who wrote (39349)	9/29/1998 1:34:00 PM
From: Sun Tzu	Read Replies (2) \| Respond to of 53903

You definitly have the rule number one right; the trade should show a profit soon :). I don't think it will hit 27 though. So I'd take some profits around 27~28 and wait to see if it breaks 26. Personally I'd rather bet on bigger more stable moves and use options to enhance profits. I can't buy options at these prices and MU will be too volatile for me to sell options. So I think I'll just stay on the side lines for a while. Best of luck. ...Antenas down, ears back... Sun Tzu