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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: Richard Russell who wrote (28470)	2/16/1998 7:43:00 PM
From: Stephen M. DeMoss	Read Replies (1) of 53903

Richard, I don't have the numbers in front of me but over the weekend I scanned the open interest of puts and calls and it seemed that (by far) the greatest concentration of interest is at 35. Thus it would make sense that if MM's have control of such things, they would have it rest at 35 within a 1/4 or so. With the PPI, Dell earnings, Asia crisis, Japan banks failing, etc. The MM's may not be able to control it. As an aside, it seems that most people are mini-bulls or outright bulls on this market. Short term they may be correct but it seems we Americans are living on an island, oblivious to what is brewing all around us. We are 6% of the world population but feel as long as the charts are bullish, no calamity around us can touch us. Steve D.

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