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Technology Stocks : Full Disclosure Trading

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To: Jan Crawley who wrote (7395)	1/2/2004 12:40:23 PM
From: Return to Sender	Read Replies (2) of 13403

OT: I have traded MU fairly successfully for several months now both long and short. Fundamentally I think there is less chance for good news from MU now. The company has already reported earnings. MU is not in a great position in its lawsuit with RMBS but I believe that is a given. Technically the stock does not seem to have enough institutional support to get back above 14 which would be a lower high than the last high MU put in. investorshub.com If you look at the charts you will find that MU has been putting in a number of lower highs and lower lows. In addition both the TRIN and TRINQ are Extremely Overbought! and the SOX has not been a market leader lately. investorshub.com I am still long RFMD and WDC so the short of MU simply gives me a little balance. I'm not looking for a big gain but the market is due to retrench next week in my humble opinion. RtS

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