Micron Electronics (MUEI) Message Board

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Technology Stocks : Micron Electronics (MUEI)

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To: Captain Jack who wrote (4023)	12/11/1999 5:36:00 PM
From: DanZ	Read Replies (1) of 4074

Hello again, Captain Jack. I agree with you. MUEI has a lot of support between 9 and 10, and it's a great buy down here for at least a trade. There's no way to predict if it will hold the base, but the more times it tests this and bounces, the stronger the support becomes. If you pull up a monthly chart of MUEI, you will see that it has pulled back to 9 three times since 1995. I think the odds of it getting below 9 to 9 1/2 are slim and I will be buying on Monday. Hopefully it will pull back to at least 10. My guess is that the news leaked last week and this contributed to the decline from 12. If so, the preponderance of the effect of this news should be discounted. Best regards to everyone. Dan

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