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Technology Stocks : Micron Electronics (MUEI)
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To: Captain Jack who wrote (3989)10/8/1999 10:42:00 AM
From: DanZ  Read Replies (1) of 4074
 
MUEI is open now and only down 1/4. The stock has strong support between 9 1/2 and 10 1/2 and I think it is a very good purchase in that range. I still have confidence that my short term target of 12 1/2 to 13 will be met, and a few months out, I think it could trade back to 18 - 20. Merrill has been buying thousands of shares on nearly every downtick. I think there's a reason for it. Plenty of sellers have been hitting the bid, so they haven't had to go to the offer for stock like earlier in the week. They just walked it down and sucked up a lot between 11 and 10 1/4.

Luck,
Dan
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