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Technology Stocks : Micron Only Forum
MU 435.19+6.1%Jan 28 3:59 PM EST

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To: John Graybill who wrote (43056)2/17/1999 9:51:00 AM
From: John Graybill  Read Replies (1) of 53903
 
Miscellany:

1) Trading curbs are now 180 DJII points instead of 50. That started yesterday. Watch for lots of +/- 100-200 point days. The reason for the increasing hue and cry over "day traders" should now be obvious to all -- They are beginning the final shake-out phase and don't want anybody making a dime off Their maneuverings but themselves.

2) Michael DELL speaks on CNBC today at 11:05 EST. The AMAT guy was on at 9:30 already, but that was too damn early for me out here in CA. Check the AMAT thread to see what he said.

3) They opened the DJII stocks one at a time today like they have done two or three times before in times of real panic. I don't know why this works, but it effectively thwarts the natural inclination of free market participants to sell everything they have. CNBC helped as well by not showing the way-negative NASDAQ and SPX tickers until at least 10 minutes into the beginning of the session.

4) SOX virtually unchanged? MU up 1 as I write? I guess AMAT is trumping DELL for now.

5) Day-traders: let's look for the 10:00/10:30 boomerang. If the broad markets start going up at 10:00, I'll need no excuse whatsoever to go short MU at 10:30.
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