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Technology Stocks : Micron Only Forum

MU 258.46

-2.0%

3:59 PM EST

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To: Zeev Hed who wrote (47854)	8/27/1999 7:03:00 PM
From: Land_Lubber	of 53903

Wow! 88 or more for 20 out of 30 consecutive trading days! I presume that means that even one trade at 88 or more would make that a "qualifying" day? We could possibly hit 88 next week, as 18 points (25%) in five days is not that unusual for MU. Not only that, it is now or never. The hype-potential will not be this good again for many months. Remember Dan Niles' last (I think) pronouncement on MU? "I would be looking to buy in late August," (if memory serves here). Assuming MU is dumping inventory like mad right now, as it usually does at end-of-quarter, but this time into the best demand period of the year and at the best prices it has seen in a few months, it might have surprisingly good numbers to show by the end of September; whispers of which may be partly why the recent analyst upgrades have been so confident (less "hedging" language than usual). If all this does happen, they may be able to get their 20 days before October, or at least by the end of the first week in October. Although the markets have been audaciously avoiding a serious correction ever since January, very few (I think) seriously believe that they can make it to the end of October without one. A big one. The only thing that really bothers me about all this is why all the insider selling? Who or what could the insiders be attempting to "fool" by selling ahead of the planned run-up? Congratulations for the prescient advance warning about all this, Zeev. I can hardly believe it is really happening even now. Unbelieveable! Land_Lubber

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