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Technology Stocks : Micron Only Forum
MU 414.88-4.8%Jan 30 9:30 AM EST

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To: TREND1 who wrote (32470)4/23/1998 10:00:00 PM
From: DavidG  Read Replies (2) of 53903
 
Larry,

I agree. Also this sudden increase in volume is indicating renewed interest. We may see a drop down to 28-29 but, if we see that the volume drastically increases and MU starts moving back up... then I will buying.

In fact, if Kurlak does any damage tomorrow with his Semi remarks it will certainly be an opportune time to buy on the dip. For the bears it may be a safe time to cover shorts and Puts.

Don't intend to sound overly bullish but the technicals are indicating basing has occurred and that there is the start of an upward trend...especially when the 50dma was penetrated.

DavidG
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