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Technology Stocks : Micron Only Forum
MU 241.14-6.7%Dec 12 9:30 AM EST

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To: Skeeter Bug who wrote (19828)9/19/1997 10:00:00 AM
From: DavidG   of 53903
 
Skeeter,

<<dave, the current selling is based on info that mu has forwarded to their best buds.
they wouldn't be selling if they thought there was the possibility of appreciation. >>

Don't analyze the selling. Imo the selling is by the sheep following the already known negative sentiment. It is getting overdone. IMO I would certainly not be shorting or buying puts but rather selling held puts a little at a time. If it gets below 37 which I dont believe will happen then go long or buy calls. We will see some large candles on candlestick charts for next week.

DavidG

PS: Remember bear traps are to catch bears not bulls.
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