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Technology Stocks : Micron Only Forum
MU 284.79-0.7%Dec 26 9:30 AM EST
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To: TREND1 who wrote (36934)8/5/1998 3:17:00 PM
From: DavidG  Read Replies (2) of 53903
 
Larry,

I don't think so. When the market begins capitulation as it is doing right now those with the MU shorts on the margin accounts and longs for the rest of their portfolio on margin are probably getting squeezed to liquidate causing more short positions to close and more buying of MU to continue.

I do think we are close to a top here for MU, but maybe a little while yet before it sells off.

...The bears seem to still have about another 30+ million shares to buy.<g>

DavidG
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