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Technology Stocks : Micron Only Forum

MU 236.48

+2.7%

Nov 28 9:30 AM EST

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To: DavidG who wrote (25112)	12/12/1997 4:18:00 PM
From: Patrick Koehler	Read Replies (1) of 53903

David, the volume did pick up at 3:45 pushing the stock down. The closing NYSE bid ask was 50k bid at 22 3/8 and 100k ask at 22 1/2. So, at least we closed with some downward pressure. I thought that it held up better than expected today, possibly as buyers supported the previously low of 22 1/16. A month ago, I thought that 22 1/16 was our calendar 4th qtr low. Now, I think that we will crash through it by Tuesday, assuming the earnings report is Monday PM. Next support will began at 18, with a big previous base between 17 and 18. Patrick

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