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Technology Stocks : Micron Only Forum
MU 344.97+5.5%Jan 9 9:30 AM EST
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To: TREND1 who wrote (50431)1/26/2000 5:50:00 PM
From: Steve Robinett  Read Replies (1) of 53903
 
--Larry
Isn't Hal a little chagrined at calling for a bottom either Friday or Monday at about 69? Tell Hal that, based on volatility for the past month, there is about a 13% probability of further downside. (For perspective, the lowest downside probablility for the past year occurred last April with MU selling at about 36 and read about 6%.) To answer you semi-rhetorical question, that suggests to me that even if MU is not yet at a bottom, it is near one.
Best
--Steve
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