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Technology Stocks : Micron Only Forum

MU 344.97

+5.5%

Jan 9 9:30 AM EST

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To: Proud_Infidel who wrote (42465)	1/23/1999 5:56:00 PM
From: John O'Neill	Read Replies (1) of 53903

Brian, Psychology certainly plays a BIG part of what valuation the market places on a stock price...Where do you think the short term 1-2 weeks prognosis for MU price action is...I've been looking for MU to set some kind of support level...(whick is difficult to do when it goes straight up)..I wouldn't be surprised to see that happen and then go up again in early Feb... The degree of the internet stock decline AFTER $6bil went into funds (according to AMR) last reported week seems like it must have impact on psychology. They did come back Friday, like bottom fishing, Friday (or shorts covering)...but if this turns out to be a temporary dead cat bounce after their monsterous decline, the market psychology could turn very nasty..short term in techs comments appreciated

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