Micron Only Forum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum

MU 234.19

-2.2%

Dec 3 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dave Gahm who wrote (31008)	3/22/1998 3:55:00 PM
From: Callisto	Read Replies (4) of 53903

ATTENTION ALL SHORT SELLERS Please, please hold firm and do not cover your shorts this week unless absolutely necessary financially. The principal reason for the relatively high price of MU is the 45 million shares short. There are 179 m shares in the MU "float" (available for the public to buy).Recently only 6 institutions/families owned more than 60% of those 179 m shares, including Fidelity through FMR (about 23 m shares) and the potato kings, the Simplots of Idaho. These institutions/families have stuck to their positions. But Fidelity and the other major mutual fund holders will thin (sell) out their positions in the windowdressing ending 3/31. They do not wish to face criticism over large positions in MU. Do not buy their shares. Let the price fall for all of us short sellers to benefit, including yourselves. If we resist the anxiety or private temptations to take profits we will see 25-27 by the week's end and 24-26 by the month's end. So, please consider cancelling your 30+ limit buy orders or your market orders when the stock is near 30 AND WAIT! Callisto

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next