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Technology Stocks : Micron Only Forum

MU 230.63

+2.7%

10:57 AM EST

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To: yousef hashmi who wrote (47731)	8/19/1999 2:09:00 PM
From: John Graybill	Read Replies (3) of 53903

So is the price, but parabolically. They got the jump on the the market-wide buy program that began right around 1:00 to try to sqeeze anybody who put in an order to short in the low 60's. I guess that buy program was pretty well advertised, and the MU specialists couldn't wait. But that's got to be a small bunch today. Any short worth his salt should have covered during the hour-long repeat of yesterday's "59 shall not fail!" zone, and wouldn't have put in an order to short at 60 and then just turned off his box. Given MU's past history, and the no-holds-barred rampage from 57 to 60 yesterday, the odds are overwhelmingly in favor of a quick return to 60 for expiration.

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