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Technology Stocks : Micron Only Forum

MU 241.14

-6.7%

Dec 12 9:30 AM EST

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To: John Graybill who wrote (43446)	3/4/1999 9:27:00 AM
From: Tom Moore	Read Replies (1) of 53903

I wish I knew how to interpret that 52 3/8 point. It had the biggest bid size I've ever noticed - about 127,000 on the bid at 52 3/8 - yet it broke through in very short order. Normally traders will see a bid (or ask) size of even 50,000 as a support (or resistance) point and promptly create a move 1/4 to 1/2 over 5-15 minutes even if the point breaks a few minutes later. Yesterday there were obviously sellers prepared to take out that huge bid point and it broke in a minute or two proceeding down to 52. Who's got the tea leaves? Gotta believe it supports the sickly behavior or MU. Hope so 'cause I stayed short overnight which is rare. T.M.

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