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Technology Stocks : Micron Only Forum

MU 201.37

-10.9%

3:59 PM EST

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To: JF2155 who wrote (41464)	12/17/1998 3:29:00 PM
From: John Graybill	Read Replies (2) of 53903

>Trey -no use fighting the market --MU may go a lot higher but it won't go much lower near term A glance at price action last quarter is worth your time, as the similarities between then and now cannot be ignored: - two product announcements within days of each other, and within days of the earnings announcement - mind-blowing announcements on the very eve of expiration: then it was the company-sponsored INTC leak, this time it's the Robbers and Stealers carnival barker and his $200 figure - the stock being on a virtually non-stop "destroy all shorts" rampage for two weeks previous to the end of the quarter - delay of earnings announcement until after option expiration Note that the tippy tippy top last quarter was the day of the earnings + INTC announcement (9/24). If you're thinking about legging into a bear spread, don't start tomorrow and hope to finish sometime next week; you'll lose big-time premium on all January options, puts and calls both, after option expiration.

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