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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: Kerry Phineas who wrote (5190)	12/3/1996 2:44:00 PM
From: Grim Reaper	of 53903

I was there for the opening trade of 600,000 shares on the upside... It is now down 1 quarter...intc, ibm,msft etc down from days highs but the opening was very constructive to my theory that the momentum is just starting in the fallen angels as fund mgr after fund mgr joins the parade...The opening on MU was more beautiful than Claudia Schiffer. The shorts are in trouble and should use every intraday dip to cover... The volume on these tech stocks is great , in the first hour of trading, the volume on MU and INTC together was almost as large as the 30 dow stocks combined.. If you are short some of these stocks with your own money then tough for you but I think it is wrong at this point to recommend on this or any thread for the novices to short or throw away their money on puts just because you hate MU..Before this upswing is over these stocks will go significantly higher...Fidelity and other institutional investors shall kick the asses of the bears to oblivion....The buying so far is not FRANTIC yet , but that is because the devil has not shown up yet...

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