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Technology Stocks : Micron Only Forum
MU 345.82+0.2%Jan 12 3:59 PM EST
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To: Paul Moerman who wrote (4990)11/30/1996 12:00:00 PM
From: dppl   of 53903
 
If anyone follows the tape on MU I think I've been noticing what appears to be a big sale - between 60 and 150K shares - almost every day during the last 10 days right at the open. Look for it Monday. On the other hand money flow into MU was very strong and positive recently and technically the stock is looking very strong. The reduced trading range, the fact MU has not gone under, even intraday I think, 31 3/4, since it gapped up when Microstamp was mentioned... suggests a real assault on 35. One little Kurlakesque pronouncement could send it over 35 - it will be a big struggle, though. Also, bear in mind that the specialist will be very tempted to move it up to this level briefly to let his pals distribute and invite suckers to buy in. It's an old trick. Be careful.

Thomas
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