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

To: Carl Held who wrote (42247)	1/14/1999 5:55:00 PM
From: John Graybill	Respond to of 53903

I bet that hard-working Micron management and Big Money will "manage" to close the stock very close to 70 tomorrow. Check out today's option volumes: tradepbs.com Note that the Jan 70 calls traded eight thousand contracts today, versus roughly ten thousand contracts of every other strike in every other option you could possibly trade. The RMBS thread thinks Edelstone of Morgan Stanley was tipped, but nobody was buying suspiciously giant volumes of cheap-as-dirt MU 65 puts today. So I'm going out on a limb to say no RMBS-inspired dump in MU by the close tomorrow (yah ok we'll see a sharp down open to start the day) and those Jan 70's were sold as covered calls rather than bought as lotto tickets.

To: Carl Held who wrote (42247)	1/14/1999 6:14:00 PM
From: SgtPepper	Read Replies (1) \| Respond to of 53903

<<The truth is coming out, everything that all these analysts have stated have been overly speculated, causing overvaluations in the semiconductor sector. >> Amen! I wonder why anyone ever believes this bull in the first place. Every quarter, they say $1 next quarter, but always near $0

To: Carl Held who wrote (42247)	1/14/1999 9:24:00 PM
From: PAinvestor	Respond to of 53903

Carl, the supply and demand for the DRAM industry is what essentially drives MU earnings. Whilst they are semiconductors, they have far different dynamics that have impacted historic and future earnings. I have no problem with overly optimistic capex forecasts but the fundamentals have turned around for the DRAM manufacturing industry. Remember, the reasons for the shortages of today are because of strategic decisions that were made more than 12 months ago to halt capex. The moribund quarters ahead for Rambus bear no relation to the dynamics of the DRAM industry (actually, it is more of an indication of how well N64 shipments are doing). Rambus technology actually means higher costs for the DRAM industry. It is not a cost saving technology, nor is it an indicator of overall industry profitability. Joe Kernan is just showing his overall ignorance of the industry, but what do you expect ;-). MU did not trade down after the RMBS results in instinet trading, BTW