Micron Only Forum Message Board

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Technology Stocks : Micron Only Forum

MU 237.01

-3.2%

Nov 13 3:59 PM EST

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To: Robert who wrote (43681)	3/11/1999 4:56:00 PM
From: John Graybill	Read Replies (4) of 53903

Either this low was the fake-out of all time and we're going limit-up every day for the rest of time, or something horrible is going to happen by tomorrow morning and this was the last chance for the specialists to unload every last piece of stock they owned before the biggest collapse in history. Micron is a dead stock. Dead. No question about it. On this banner day, dead! It gapped up on a bogus upgrade and company-generated tout, and proceeded to sell all day long. So what's this at the end!? - A rise of two points in ten minutes on a DEAD stock. - More big blocks trading in the final two minutes and post-market than I saw watching this thing tick-by-tick for three hours. - All these big blocks were crossed at NYSE. There were no trades SMALLER than 10K at the NYSE. Anything smaller was on another exchange. Every fund in the world decided to buy Micron at the close? YEAH RIGHT! Almost 300K shares in two minutes, one big block after another, indiscriminate buying? On the "good stocks", ok! It's only because Micron is such crap that it's obvious that this was some overwhelming market-wide buy program that has no limits. If They were so desparate to run everything up regardless of what it was, AFTER the close when you couldn't do anything about it, that bothers the hell out of me. The most violent move we'll ever see begins very soon, maybe before the open tomorrow. Up? Down? There's going to be some real hell to pay by expiration.

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