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Technology Stocks : Micron Only Forum

MU 249.33

+5.2%

2:07 PM EST

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To: Skeeter Bug who wrote (51357)	6/2/2000 5:49:00 AM
From: Earlie	Read Replies (2) of 53903

Skeets: A single institutional entity, (Capital) spent $1.1 billion buying MU stock in the past quarter, according to Fleck. Figure on 60 trading days in a quarter, which equates to its expenditure of $US 18.3 million PER DAY, buying up that stock. At the same time, Fido, already buried in this stock, added to its massive position in like fashion. No wonder the stock has been on a tear. Not helping their cause has been heavy selling by insiders, Intel and TXN, with plenty more to follow. But a question. WHO DO THESE FUNDS SELL TO? Nobody who examines the fundamentals would touch the stock with a ten foot pole and it does look like the market is in the initial stages of returning to just such a perspective. Best, Earlie

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