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Strategies & Market Trends : Tech Stock Options

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To: Judy who wrote (6147)3/19/1997 8:17:00 AM
From: Kevin   of 58727
 
>>>Regarding mfs that you posted yesterday, I note that MU showed positive mf both on PC Quote and Bloomberg yet the stock sold off big time today starting at market open. <<<

Judy. Obviously the majority of people were betting that MU would have a good report...hence the reason money flows were so positive lately. So when ol' MU released their disappointing report, it was a major suprise needless to say.

Funny thing is, the Big Boys dumped their position: $-71.81 million Block Money Flow yesterday...largest drop I found in over 6 months (maybe longer but I didn't feel like looking back further), but the little guy still bought in $+4.31 million (which is about the avg Non-Block size each day recently)! I guess the EPS number fooled them!

This is why I strongly recommend that people shouldn't use MF until they #1 have it #2 understand it.

Kevin
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