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Technology Stocks : Micron Only Forum

MU 237.16

+4.6%

Dec 5 9:30 AM EST

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To: TREND1 who wrote (47600)	8/11/1999 5:39:00 PM
From: John Graybill	Read Replies (1) of 53903

I was short my new shares at 67-something yesterday and covered today during the opening dump. Shorted some more new stuff at 68 11/16 today, still short the old stuff at 62. Random notes: - How about that 69 5/16 yesterday morning, huh? My order was in to short at 69 1/4, as I wrote, but I was not filled. A tip of the hat to anybody who tried the same. My conclusion that they didn't want us short high and early was borne out later when it dropped to 65 at the close. And it was a fight to the death to get a short filled at all during the day -- I missed it by 1/16 three times (and that includes putting in a bid lower than the existing bid); the short itself took three "partials" to fill (and it wasn't that big of an order). - I lost track of the number of analysts (not counting Dim-Whittington) who have upgraded, re-iterated, etc. the last couple of days. Didn't help MU yesterday; it moved pretty much like the rest of the market and collapsed on its own toward the close. Even the CNBC guys were making fun of Half-Whit: tveyes.com - Anybody catch "The Beg" by the TXN CEO? "Please don't keep selling! We're not short yet!", basically -- and it came out during the last part of trading, as MU was tanking: news.com - Today's action was one of those days where you know They have a script and a timetable, you just can't figure out why. The drop into 10:25 today and right back didn't appear to have anything to do with the trading itself. Down hard, straight back up on a couple of hundred shares. Same for the next big drop. I looked and looked through Time & Sales for any clue of big selling down or big buying to stop it dead in its tracks, nothing.

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