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Article #3101

Re: MU - lower ... and lower ...

#3101
From: Jon Tara
Date: Fri, 24 Nov 1995 00:00
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samurai@random.cs.mcgill.ca (Darcy Brockbank) wrote:

>And up $2 today... P.E. is 13.1. I think it's oversold and
>undervalued. I'm buying calls. They're going to be posting excellent
>earnings on Dec 15th. It just may be possible to make a killing on
>January calls...

The calls are awfully pricey, though. The premiums have shrunk
somewhat, but they're still very expensive. I'd still rather be
selling the calls than buying them, and covered buy-writes are still
attractive. 

I'm less enthused about selling the 2-year LEAPS now, and find the
April 50's attractive.
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From: jtara@connectnet.com (Jon Tara)
Subject: Re: MU - lower ... and lower ...
Date: 1995/11/24
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