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Technology Stocks : Micron Only Forum

MU 236.50

+2.7%

Nov 28 12:59 PM EST

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To: AHale who wrote (30870)	3/20/1998 10:08:00 AM
From: John Graybill	Read Replies (1) of 53903

>>low volume Low volume AND a very tight range is a potent combination. Look on the daily graph of MU or the stock of your choice to see the significance -- a pattern like this for more than a day (and we are looking at day three as I write this) suggests perfect equilibrium between buyers and sellers and a lot of indecision. However, natural "perfect equilibrium" simply doesn't exist for MU. This is option shenanigans to burn anybody holding March 32 1/2 puts for the big post-earnings dumperoo. I have a few msgs on the thread about a week ago that go into more detail, but I'll say again that once the options expire, just get out of the way of those downgrades. BTW folks it's day three solidly below the 50-DMA.

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