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Strategies & Market Trends : Making Money is Main Objective

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To: BWAC who wrote (1627)	9/6/2001 1:24:01 PM
From: James1000	Read Replies (1) of 2155

Fidelity is the biggest holder of Micron, with as much as a 10% steak in the company. However, even the biggest of the big will have a nearly impossible time holding the company up over 10 billion dollars. As long as the market cap exceeds 10 billion dollars, it is a very safe short position, even with billions of dollars in opposing positions. Short interest in Micron is finally beginning to show its force, and I think short positions on the company will be what cracks the $35 to $45 trading range. Short-selling Micron while the market cap is over 10 billion seems a very safe play to me. Even a junior high student could go to DramExchange.com and see just how bad the memory market looks. Microns revenues can deviate from the DRAM price graph, but not far. I am just shocked at how extreme the crash is, whenever I go there. This 256MB price graph takes a LONG TIME to load: dramexchange.com I was expecting to see a rally today, but I logged into Datek to see 3 of my 4 long positions are up so far today while 8 of my 8 short positions are down!

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