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Technology Stocks : Micron Only Forum
MU 263.78+4.5%Dec 10 3:59 PM EST
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To: Carl Held who wrote (41977)1/7/1999 4:59:00 PM
From: DavidG  Read Replies (2) of 53903
 
Carl,

I have to agree with you here. The specialists and some institutions load the dice for the next morning in either after hours or prehours trading to fool the masses on the value of the stock. These few trades were certainly done for that reason since they were so far out of whack.

...but that is what makes the market. I am just surprised that they were allowed to trade so high when the ask was not shown that high. They even got the trade off above the new resistance level which kind of screws up us traders who follow the charts.<g>

We may see some upward movement in the morning b/c of this but for the moment my money is on a downward move to at least fill that gap of 59+ to 60. If there is some negative news than I will again expect a retest of the low 50's.

DavidG

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