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Technology Stocks : Micron Only Forum

MU 258.46

-2.0%

Dec 11 3:59 PM EST

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To: Skeeter Bug who wrote (24315)	11/20/1997 7:35:00 PM
From: Peter Shaw	Read Replies (1) of 53903

Sketer and all, This is my last post on this thread, as I have just passed my licensing exam, and will be an active broker very shortly. MU is followed by a swarm of momentum traders, and will be influenced most by their actions. When they sense a large position/positions to be executed in the market, they will exacerbate the extent of the influence. In that light, I don't believe MU was being driven down by any one source of selling, as suggested here. IMO, the big boys were mostly cleaned up when we breached 30... How's that for a swan song? ;-) Cheers, Peter Shaw

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