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Technology Stocks : Micron Only Forum

MU 294.36

+3.4%

Dec 29 3:59 PM EST

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To: John Graybill who wrote (32015)	4/13/1998 12:32:00 PM
From: John Graybill	Read Replies (2) of 53903

Tight range on MU today, probably because INTC announces earnings after tomorrow's close. INTC's graph over the past week suggests to me that 75 is a short-term high (hit it and bounced right back down today), that the move up over the past two days is phony (a low volume day on a gap open? yeah right!), and that today's move up to 75 in INTC is a simple short squeeze (moves up that are literally straight lines at a relatively steep slope are always phony, I have found). So they're parking MU right at a strike price for a while. They might just keep it parked there all the way through TXN earnings on Thursday.

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