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The Sign


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Speaking of dogs, you know what this market reminds me of?

 

You know when you know a dog is about to take a big dump it sniffs "it's target spot" and then spins around in a circle as if its chasing its tail and then suddenly stops, arches it's back and then...

 

I guess intervention and OpEx has a way of doing that to Mr Marke.

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Covering MU short.

 

MU getting close to $9.x book value so I'm covering 50-75% depending on the closing price. I don't think MU is really worth book. Furthermore I don't think there are any buyers for MU assets.

 

However imo at book value the buy and hold till you die value managers will be all over this stock. I have no interest in doing battle with the brain dead.

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