SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Micron Only Forum
MU 286.68+3.8%Dec 24 12:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Kathleen capps who wrote (23346)10/31/1997 10:11:00 AM
From: mike iles  Read Replies (2) of 53903
 
Kathleen,

Re MU and volume ... it's all by guess and by gosh. There's no way of knowing for sure unless you're on the trading desk. My guess is that given the size of the 2 largest positions, Fido at 31.8 million and Capital 'Research' at 23.2 million, we haven't seen them yet. MU volume during this downturn hasn't seemed unusual to me. In fact it's anemic. On the other hand, the price action has been kind of pitiful too ever since the break from $60. I can't remember seeing a really decent rally with decent volume. MU just hasn't participated enthusiastically on the rallies ... it will be interesting to see how high it gets here if we get a general rebound. Hope to $30 for Skeeter's sake although I would urge him to cut his re-entry target to something like $28. Anyways my feeling is we haven't seen the big guys exit yet. Almost by definition they have to be wrong at major market turns (i.e. the kind that happen every 4-5 years) because they are the market. So when the market cracks again and the bear rears his ugly head, I think we'll see a day when MU trades 20 million+ and drops $5-$10 ... whole lotta shakin' goin' on as big Fido et al try to get thru a narrow door.

This market must be entering a temporary schizo phase with Bateman and Skeeter reversing roles. Bateman a bear????? ... truly scary stuff!

regards Mike
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News