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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: Tim McCormick who wrote (43823)	3/15/1999 2:26:00 PM
From: John Graybill	Read Replies (2) of 53903

A couple hundred K shares at 12:45 or so looks pretty ominious, true, but the big sword hanging over this, known to all, is enough of a death knell, isn't it?: the possibility that 20% of the stock could be dumped in the span of a couple days or even hours. A gain of even 5 points on 20M shares dropping straight to the bottom line would be the only thing needed to create TXN's possibly finest quarterly report in their history. It would be a riot (in a couple of senses) if we saw some SEC action and sanction against MU and/or some of the crooked analysts, but I gotta think that they're gonna keep beating up the small guys who can't put up too much of a fight before they go after big boys like MU. Remember all the times (3? 4?)we saw multi-THOUSAND blocks of out-of-the-money call contracts being bought the day before Goldman Sachs issued a big upgrade back in late 1997 and early 1998, and we never heard a peep about that.

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