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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 (47652)	8/13/1999 4:28:00 PM
From: John Graybill	Read Replies (1) of 53903

Ah, there's a gap between 61 3/8 (Aug 5 close) and 62 3/16 (Aug 6 low) that I didn't see. They aren't ready to fill that just yet. I really need to be more diligent in my chart-reading. :-) Maybe They will jack us around here a while (knowing that I am still short at 62, har har) to match last week's trading range. But I'm guessing that they won't jack it around after Tuesday. Goldman will see to that. By the end of next week, IMO, we see the aforementioned gap filled, the inevitable gap-just-got-filled bounce (the close today wasn't it), and the start of the bigger move down to 52. ---- Threw in the towel and sold Aug 55 puts at 5/16 to make a calendar spread with my Oct 55's. Go ahead and drop it ten points on the open on Monday morning, chumps, make me buy 'em back at three bucks, that'll make me bleed, yep!

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