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Technology Stocks : Micron Only Forum

MU 233.88

+7.3%

9:51 AM EST

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To: Paul Verderber who wrote (50608)	3/1/2000 10:01:00 AM
From: Steve Robinett	Read Replies (2) of 53903

--Paul You comment that I was mistaken on 2/28 to think that there was only a 15% of further upside at the time. Using a 4 year price change series, you're probably right. But stocks trade at the margin and recent prices are always more significant than antediluvian prices. I use a month's worth of prices and basic probability theory as a very rough guide to overbought or oversold conditions. Combined with the company fundamentals, I find the suggestions of probability helpful, though by no means cut in stone. For example, after yesterday's runup, there was less than a 1% probability of further upside yet MU opened up today, carryover enthusiasm from yesterday's runup. Best --Steve

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