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Technology Stocks : Micron Only Forum

MU 334.23

+7.1%

1:18 PM EST

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To: Carl Held who wrote (42247)	1/14/1999 5:55:00 PM
From: John Graybill	of 53903

I bet that hard-working Micron management and Big Money will "manage" to close the stock very close to 70 tomorrow. Check out today's option volumes: tradepbs.com Note that the Jan 70 calls traded eight thousand contracts today, versus roughly ten thousand contracts of every other strike in every other option you could possibly trade. The RMBS thread thinks Edelstone of Morgan Stanley was tipped, but nobody was buying suspiciously giant volumes of cheap-as-dirt MU 65 puts today. So I'm going out on a limb to say no RMBS-inspired dump in MU by the close tomorrow (yah ok we'll see a sharp down open to start the day) and those Jan 70's were sold as covered calls rather than bought as lotto tickets.

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