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 TA ONLY -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (167)	11/17/1998 11:39:00 PM
From: Carl R.	Respond to of 214

Hi Larry. Are you expecting a rally from here, then, that will end in point B? I presume that your analysis is that if Point B is higher than Point A, it is bullish, and if Point B is lower than point A it is bearish? By the way, SI is incredibly slow for me lately. Anyone else having that problem? Other sites are not affected. Carl

To: TREND1 who wrote (167)	11/18/1998 7:24:00 AM
From: Chas	Respond to of 214

This is one opinion: MU - Micron Tech $42.93 Put-Debit Spread MU designs, develops, manufactures, and markets semiconductor memory products, personal computers and custom complex printed circuit boards, memory module and system level assemblies. The continued performance of hardware stocks is suspect amid concerns about lackluster revenue growth and the sustainability of strong PC sales. Gruntal & Co analyst Mona Eraiba lowered her rating on Micron Technology Inc. to buy from strong buy. The chart reflects a outstanding climb to new highs over the past month but the rally is fading and the stock needs to consolidate before moving higher. The short-term put/call ratio on the semiconductor index is also forming a sell signal. Play this spread on downward momentum for short-term profits. PLAY (conservative/momentum only): BUY PUT DEC 42.50 MU-XV OI=2141 A=$3.25 SELL PUT DEC 40.00 MU-XH OI=3663 B=$2.00 NET DEBIT(approx.)=$1.00 TARGET ROI=50% TARGET GTC CLOSING PRICE=1.50 CHART = quote.yahoo.com