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Technology Stocks : Micron Only Forum

MU 241.08

-6.7%

Dec 12 3:59 PM EST

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To: Tony Wang who wrote (48839)	10/1/1999 2:46:00 PM
From: John Graybill	Read Replies (1) of 53903

Mission accomplished, huh. :-) A caution to buyers: it looks to me like They are getting wise to people setting their buy prices just below the roundish numbers (1/2's, even numbers, etc.) and are now loitering just below them to pick off buy stops before tanking it. We were stagnant at 70 3/8 - 70 1/2 just before collapsing, and they spent way too much time below 69 for it to be a bunch of big money saving the day. MU's time below 69 corresponds to everybody else's (DJII, RUT, et al), but everybody else had a spikey V-bottom and a lot of buying out of the lows. The MU specialists didn't see the same enthusiasm from the masses three minutes after the low. Gonna short and cover before the close.

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