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Technology Stocks : Micron Only Forum
MU 193.24-4.0%10:40 AM EST
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To: John Graybill who wrote (48126)9/9/1999 7:32:00 PM
From: Land_Lubber  Read Replies (2) of 53903
 
John,

I agree that today looks like the pre-expiration bottom. Yes, it is two days early, but why waste the precious few hypeable days when DRAM prices are still seen to be rising?

Today's long dangling candle tail, or hammer handle, is the clincher, but yesterday's huge volume had me very suspicious that the usual five-day down-leg would be cut short. The biggest volume usually comes at the end.

So suspicious, in fact, that I bought calls at yesterday's close. Of course, now I wish I had waited until today to do that.

Thanks for mentioning the upcoming Sept 13 tout-fest yesterday. I depend on you for that info. because I don't know where to find it myself. Yet another clue that the red candle days are behind us for now.

Land_Lubber
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