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

To: John Graybill who wrote (41465)	12/17/1998 5:16:00 PM
From: Thomas G. Busillo	Read Replies (1) \| Respond to of 53903

John, if only there were some good financial journalists with a healthy degree of skepticism who might take it upon themselves to dig a little deeper into today's call and recent options activity. cbs.marketwatch.com From CBSMArketwatch Tuesday: Jon Najarian, who heads Mercury Trading at the CBOE, said there were some bets in Micron Technology (MU) that smacked of expiration plays. Some players were "hoping against hope" that the chip-maker will release earnings before December's option expiration. "The big thing with Micron is that they don't like to disclose their earnings release, sometimes to the detriment of shareholders," said Najarian. He expects the release to come next week. Hmmm... 1. 5,000 out-of-the-money Dec 50 calls change hands Tuesday. 2. there is some opinion that the speculative action is driven by the anticipation of a possible news event occurring prior to the December expiration. 3. the news event mentioned in the piece is an earnings release. 4. the earnings release is expected next week, after the December expiration 5. a news event does indeed occur, but it is not the earnings release. 6. this news event is a bizarre 3-year $200 price target coming out of MU's underwriter two days after all that interesting activity in soon-to-expire out-of-the-money December calls. 7. the stock gains +12.8% on the heels of that 3-year $200 price target and those options close almost 3 pts. in-the-money. Can someone please complete the following argument: There's nothing remotely suspicious about the above because... I know I can't. Good trading, Tom

To: John Graybill who wrote (41465)	12/17/1998 8:14:00 PM
From: John Graybill	Read Replies (1) \| Respond to of 53903

dagnabbit there could be trouble in South Korea: SEOUL, South Korea (AP) - South Korean navy ships fought a gunbattle with a suspected North Korean submarine Friday and sunk it off South Korea's southern coast, the Defense Ministry said. The 10-ton craft was first spotted shortly before midnight Thursday as it approached the shore near Yosu, a port city 200 miles south of Seoul. The sub then fled southeast, leading South Korean navy ships and air force planes on a chase for 5 1/2 hours, the ministry said. Trapped 60 miles off the coast, the fleeing sub opened fire at the pursuing South Korean ships. In a brief exchange of fire, South Koreans then sank the sub, the ministry said. The body of one of the sub's crewmen was recovered in a wet suit, the ministry said. North Korea routinely uses submarines to drop off or pick up spies along South Korea's long coastline, officials say. Several have been detected in recent years. tampabayonline.net