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To: John Graybill who wrote (45976)5/25/1999 8:55:00 AM
From: DavidG  Respond to of 53903
 
John,

Aw c'mon....don't be so sensitive. Just because we have a difference of opinion doesn't mean you should take it personal.

Sometimes you call MU right and other times you are just plain wrong. Happens to all of us. That is what trading is all about. The idea is to be right more times than wrong. So you must always listen to all points of view to understand all possibilities.

Now I still see 36-41 range for MU but a close below 36 and you might be right this time. I hope you are not betting too much on 30 or 20's IMO the risk/reward isn't there. The coil spring gets too compressed as MU moves lower.<g>

Good Luck Trading
DavidG



To: John Graybill who wrote (45976)5/25/1999 6:51:00 PM
From: John Graybill  Read Replies (2) | Respond to of 53903
 
MU options commentary: volatility lower despite the ING Barings downgrade:

newsalert.com

One surprise (to me):

traders were selling puts and buying out-of-the-money calls earlier on Tuesday, action [James] Toll called an "odd thing...unless people are trying to pick a bottom in the stock," he said. "They don't seem to be concerned about the downside at all."

That would blow my 4/28 opinion away: "Shorts, get ready to re-load; 35 won't get any analyst help as support the second time."
Message 9197249

Indeed, they're piling on to dump (on) it. Who is this James Toll fellow? He's the "designated primary market maker at the CBOE".

Ah!

That's a guy we can trust, right? If he says people aren't concerned about the downside, that's good enough for me! MU bottoms tomorrow, well below 35, and starts its defiant move upward! ROFLMAO!