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Technology Stocks : Micron Only Forum
MU 225.72-3.0%3:59 PM EST

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To: ratan lal who wrote (23689)11/8/1997 7:35:00 PM
From: Skeeter Bug  Read Replies (2) of 53903
 
>>s there any particular type of activity that will signal the start of selling by the big
boys in the next 5 days so I can stay short for the big move??<<

straight down. it will be too late, imho, to catch the big move.

i've seen it happen before and i own puts to profit. if this stock is above $25 near the dec expiration and eps announcement then i'll box mu in by loading the boat, literally, with jan puts.

this is the worst q in many years and mu will pay the price. now or later doesn't matter. expectations of $0.35 and results near $0.00 will result in a thrashing, imho. and i'll bet that opinion.

i suspect that the slide starts sometime next week and we'll be in the low $20s by the end of the week. jmho.
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