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.

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

To: TREND1 who wrote (40516)	10/29/1998 7:23:00 PM
From: DavidG	Respond to of 53903

Larry, He won't believe you. He'll want to see some downward action first like maybe a drop to 30 or so...then he will buy out-of-money PUTS around 25 or 22 1/2 and hold them thru expiration.<g> BTW 40 looks like a good spot for MU to stall. We will have to see how MU behaves on the second assault of 40. If it doesn't go thru then and only then I might short, but for the moment MU is showing tremendous strength. If DRAM continues to hang steady at these prices MU will be making a lot of money. I figure right now MU production gain is about $2 a chip. As their updated fabs improve yields it may approach $4 a chip by next quarter. The bears are so use to negativity that they can not, or will not, see the positives of this commodity company when everything is going their way. This is the period of time all commodity companies strive for. The bears are going to get badly beaten this time around. I would put tight stops on shorts, and as far as PUTs go, expect them to expire worthless. DavidG

To: TREND1 who wrote (40516)	10/29/1998 7:50:00 PM
From: TREND1	Respond to of 53903

(1) MU reached 40 1/8 today. (2) This touched the 35% UPPER BAND of the 50 DMA. (3) See Feb 1998 and Aug 1998 and judge for your self. (4) Now high probability that this is sell area. (5) MU chart is a few days old on my web site, but you might want to take a look at it. (6) Will update today's chart when geocities let's me. geocities.com Larry Dudash