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Technology Stocks : Micron Only Forum

MU 253.52

+0.4%

10:07 AM EST

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To: J. P. who wrote (42535)	1/27/1999 6:52:00 PM
From: John Graybill	Read Replies (3) of 53903

If you just looked at open vs close, then "They" fooled you. (Of course I might be wrong -- we won't know until tomorrow.) It traded in about a 1/2 point range for nearly two hours before it popped up two points in an hour on very good volume -- as everything else was just wobbling around or tanking. We might very well see some Micron-specific news by Friday, possibly that the LG strike is hurting production. It gave it all back in the last 20 minutes on comparatively low volume as the rest of the market simply collapsed. My bet is that it was more of a lack of buyers than everybody selling out of panic. There were only two or three big blocks on the way down. I think people were waiting for the AOL report. I looked at the AOL earnings report, and quite frankly I see absolutely nothing wrong with it. Everything that is supposed to be up is up, and everything that is supposed to be down is down. Note also that Alan Greenspan speaks tomorrow before the open. That tends to back people off the day before. With AOL announcing great earnings and a split, tomorrow's open might be a carbon copy of today's.

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