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Technology Stocks : Micron Only Forum

MU 239.97

+1.5%

3:20 PM EST

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To: DavidG who wrote (42671)	2/2/1999 4:56:00 PM
From: John Graybill	Read Replies (1) of 53903

Well, 10:30 certainly isn't something you can set the nuclear clock by, but it is uncanny that it is about that time that we see a low and a V-bottom over and over again. I picked up the phone at 7:25 and bought back at 73 5/8. Turns out it had already bottomed. Ok, so the 10:30 low was at 10:15 today. The reversal from 73 to 75 1/4 was nothing to sneeze at, of course. But the dumperoo from 75 1/4 to 70 1/2, yep, that stuff happens. I think I've included enough "almost always"'s and "usually"'s in this little rule of thumb. BUT if you had been watching real-time quotes or the CNBC tickers, you would have had at least an hour to go short again after that 10:15 low.

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