Over the weekend, Fleck wrote what a few of us here have been speculating -- that Windows 2000 is mostly for business users (>$300 retail), and that they're gonna take a "wait and see" attitude. Prudent, given Microsoft's past performance (hell, putting out a buggy product and letting the users do the beta testing is their corporate policy).
"Seeing how it's a corporate product, it won't have the same fanfare as Windows 95 did, and corporations will wait for all the bugs to get worked out before they buy it. So even if it weren't for Y2K, there would be a holdup on PC-related products as folks waited. So the next six months are going to be very ugly in the PC-related business."
siliconinvestor.com
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Unloaded the calls, about halfway loaded with puts. Check out the performance of MU vs SPX (for example) beginning at the forced-march that began at 11:30 and ended at 12:00. SPX, DJII, et al were higher than their 12:00 value at some point, but MU gave it it up immediately. Three stabs within a quarter-point of each other, that's pretty conclusive to me.
FWIW, the simple moving averages for today: 20-day is 73.5, 50-day is 71.4. Except for less than one minute right at the open, we have been completely between them all day long. |
