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Technology Stocks : Micron Only Forum

MU 228.50

-5.6%

Nov 18 3:59 PM EST

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To: John Graybill who wrote (43111)	2/18/1999 5:02:00 PM
From: John Graybill	Read Replies (1) of 53903

The paint crew was at work again today -- today's alleged "62 3/4 high", on inspection of Time & Sales data, must have been put there only to satisfy (or thwart) 50-DMA or somesuch efforts. At first glance, it looks like 62 7/16 would have kept it completely below the 50-DMA today, but 64 3/4 didn't. After some fund buying after the close which brought it to 62 7/16 (valid in my book), there were three 100-share trades and a 300-share trade that brought it up to 62 3/4, and a few more little trades to bring it back down. Since many data systems ignore 100-share trades in their calculations, they must have been there only to provide a flimsy excuse for the jump to 62 3/4. Amazing divergence in MU and the $SOX beginning at 1:30 today. Dunno if it's a difference in the MA's or what.

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