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To: John Graybill who wrote (44628)	3/30/1999 5:43:00 PM
From: Steve Robinett	Respond to of 53903

John, You comment, I'm thinking that 3/31 is gonna play out like an option expiration -- all the positioning for the next episode is done, now the MM's will take the opportunity to shake the tree and see how many shorts they can dislodge According to Yahoo, there were about 8 million shares short in early March. Assuming that's more or less correct, that's somewhere between one and two days of volume at MU's current average volume of around 4-5 million shares/day. You can't get much of a pop out of that. On the other hand, after the beginning of next quarter, I would not be surprised to see a few big brokerage houses, which always need something to sell to fund managers, start suggesting that a turn in DRAM pricing is just around the corner and MU is cheap. They often do that sort of think at the beginning of a quarter. It's good for their business. Best, --Steve

To: John Graybill who wrote (44628)	3/30/1999 6:29:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

maybe... keep in mind that the momo types sell more as a stock drops... i've seen where mu has been down around 15 trading days in a row.... i think the knuckleheads finally figured out that the bears were right - again. there is no great recovery. oversupply still exists. unit shipment growth is slowing dramatically, high end system sales stink, pc mfrs are getting mightily squeezed and the chippies have ordered WAY too much equipment of late...

To: John Graybill who wrote (44628)	3/30/1999 8:43:00 PM
From: Fabeyes	Respond to of 53903

>>> dislodge before El Dumpo Grande>> I don't know if management feels the same but an engineer at TI, yes some still are there, is ready for the billion dollar quarter.

To: John Graybill who wrote (44628)	3/31/1999 12:12:00 AM
From: Land_Lubber	Read Replies (1) \| Respond to of 53903

John, another (!) gap up, followed by a run to 49 after today's weakness, would be a perfect way to screw everybody that does know about it, squeezing both strong and weak shorts alike like so many tubes of toothpaste on the very last day of the calendar quarter. "Everybody knows that the funds don't want to be shown owning MU tomorrow," right? Good thing I'm short, right? But... I'm thinking that 3/31 is gonna play out like an option expiration -- all the positioning for the next episode is done, now the MM's will take the opportunity to shake the tree and see how many shorts they can dislodge before El Dumpo Grande. I am having the exact same premonition, only it is more like Deja Vu. I lost 20 grand on MU puts last April Fool's. I wonder if they'll be able to make a bigger fool out of me this year, or whether I'll manage to have the last laugh? Also, about the screwy put premiums, I noticed it too (my puts are hardly gaining in value while MU tanks relentlessly) -- but I am wondering if it isn't related to the fact that the third Friday in April comes early this year. I mean there are now only 13 trading days to expiry. Land_Lubber