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Technology Stocks : Micron Only Forum

MU 241.14

-6.7%

Dec 12 9:30 AM EST

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To: TREND1 who wrote (43817)	3/15/1999 1:46:00 PM
From: John Graybill	Read Replies (2) of 53903

A whole lot of stops at busted at 48 1/2 on the way down. As I type, we're 48 5/8, so it might have just been a stop run. If we don't close above here though, even the we-all-know-it's-coming pre-earnings tout from DeNiles (which I would be expecting tonite on a poor close today) won't help. Note the traditional expiration-week burst of announcements of deals being signed (Micron Europe, Kobe, et al). They're not helping the stock today, and the big unloads are completely visible to all. I guess they'll be holding any product announcement(s) until the day before they announce earnings, as has been the practice, as their last burst of hot air. Put me down too for hedging my short too early. I sold some March 55's against my July puts Friday. Doh!

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