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Technology Stocks : Micron Electronics (MUEI)
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To: Captain Jack who wrote (3991)10/8/1999 10:50:00 AM
From: DanZ   of 4074
 
Captain,

I may or may not sell at my initial target. I might sell part of my position and hold the rest longer term, or I might just hold it all. This stock has the propensity to move up or down very quickly. I think a lot of people sold it on fear and could put that money back to work if it starts up. The way it trades, it could be at my short term target in no time flat. At the moment, there is a lot of demand for the stock shown on Level II and very few sellers on the offers. For example, there are 13 market makers on the 10 1/4 bid and only one at the 10 5/16 offer. The supply and demand is also out of balance at the next tier in favor of the buy side.

Luck,
Dan
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