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Technology Stocks : Micron Only Forum

MU 246.84

+4.2%

Nov 14 9:30 AM EST

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To: DavidG who wrote (43181)	2/23/1999 10:21:00 AM
From: John Graybill	Read Replies (3) of 53903

I wonder if the forever bears continue to post as MU starts going back up It started on Thursday at 58, it ends today on the most obvious pump-and-dump scheme in the book -- an upgrade with no reason given on the day that Micron is scheduled to hawk its snake-oil at a tout-fest. Note the absolutely total lack of big-block buying at any time yesterday, which is the opposite of what happens on a "real" upgrade, and recall my note a few days ago of the giant volume at 58 and 59. THAT was when big money was loading the boat. And now the trip has ended -- they've arrived at Port Tout-Fest. We're in the same situation we were in during the NB Montgomery tout-fest three weeks ago -- a big run up to and including the day that Kipp is scheduled to open his yap. 80 to 65 was about a four-session collapse beginning half an hour into trading the next day. I'll be buying Jul 60 puts at the close (5 1/2 - 6 would be nice), unless I see a couple of 100K blocks being sold in the afternoon.

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