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

To: DavidG who wrote (45493)	4/30/1999 4:26:00 PM
From: John Graybill	Read Replies (1) \| Respond to of 53903

Nope, unless you count covering a short put position at a very nice profit. I'm just waiting for word that the MQD shareholders are starting to get the restrictions lifted on their stock from their takeover last year. That will mark a short-term bottom. MQD's conversion price and date was the very day the stock peaked, after price action and touting even more egregious than usual, which is saying something. The one-year restriction was supposed to expire back in February, but the word I'm hearing is that it hasn't. I'm betting that MU's plan is to insult the MQD shareholders / employees one last time by waiting until the stock is at the very bottom before thinking about registering the shares. In the $40's, about half a dozen of them divided between Boise and Silicon Valley would cash out and quit. In the $30's, it's a nice profit (approxmimately $zero over the takeover price set 15 months ago, though) but not retirement stuff for them. The only way I can make money on this stock is to count on devious / illegal behavior on the part of MU and its bankers/touts, and they've made this year a real windfall for me. No way am I going to bet that they mend their ways in the next couple of weeks.