MU keeps testing 81-82-83 over the last few
weeks. Despite this stock being so volatile, it is
likeley to succeed in breaking out the 83 levels and then
it is forcasted by several analysts to reach
We should at least see mid to high seventies this
Time will tell.Good luck to us all.
DRAMs: Sold out
By Jack Robertson
Electronic Buyers' News
(10/08/99, 04:36:51 PM
For the first time in recent memory, DRAM from most
major vendors has been placed on allocation, a clear
sign to customers that the four-year era of ample
supply and swooning prices has for now drawn to a
Micron Technology Inc. last week broke the ice by
uttering the �A� word, telling Wall Street investors that
it is sold out of DRAM for the fourth quarter. And a
number of other DRAM producers have placed OEM customers
on allocation following the market's sudden U-turn
from the oversupply situation that just this summer
fed rivers of low-cost chips into the OEM channel.
Of the leading DRAM makers polled by EBN, only
Samsung Electronics Co. Ltd., the largest global
producer, shied away from claims of allocated supply.
Not sure what will happen, the market sure seems
to want to go down. Bonds aren't helping. Intel
might be as good an excuse as any.
MU OCT 70 put contracts tell me that MU will be back
to $70 by Friday. I will be very amazed if MU is
under $70 by the close on Friday.
I tried to buy
puts on NVLS today but I was too cautious (and too
busy) and did not get any fills.