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Technology Stocks : Micron Electronics (MUEI)
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To: SMALL FRY who wrote (3664)12/23/1998 3:23:00 PM
From: John Graybill  Read Replies (1) of 4074
 
Tried to buy some MU Jan 47 1/2 puts for 2 7/16 about mid-day, which was the ask at the time. Within 20 seconds of my broker putting my order in, they changed the ask to 2 9/16. If they thought the stock was going up on good earnings, or even if they thought those puts would lose a lot of "hot air" after the announcements, they would have been happy to fill me at 2 7/16 today and offer to buy them back from me at half that tomorrow. We goin' down, baby.
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