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To: Rich1 who wrote (6246)12/28/1998 3:11:00 PM
From: Broken_Clock  Read Replies (1) | Respond to of 14427
 
Rich...if MU hits Mike Burke's "dream target" of 6 next year the MU Jan 2000 puts would be worth a minium of 14. Thet were selling for 11/16 the other day. Actually, I was off. That would equate to a 20 bagger, assuming there was no time premium on the puts since they would be so deep in the money with MU at 6. Should MU get back close to 60 I think you could get the 20s for 7/16 which would be a 30 bagger if MU hits 6 next year.

Look at a three year chart of MU and see how many times it gets back close to 20 or even below...