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Technology Stocks : Micron Only Forum

MU 248.54

+10.1%

3:59 PM EST

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To: Robert who wrote (43832)	3/15/1999 4:41:00 PM
From: John Graybill	Read Replies (1) of 53903

49 yes, low volume, no! The last "real-looking" trade was 10K at 48 1/16 at 4:00:58, then the next one was a mysterious trade of 140,100 at 49 at 4:04:01 that magically was "cancelled" a few minutes later. Another trade of 85000 at 49 immediately followed it. Looks like one of the funds had a big "buy on close" order (note that it's March 15 -- maybe some 401K money from companies who pay on the 15th and the 30th came in over the weekend), and got screwed. Just as well for me, since I'm not as short as I want to be. I can buy back my short 55 puts first thing tomorrow morning (an overnight tout simply delays the peak for a half hour or so) and re-position myself by selling 50's for four or five bucks by the close. Niles, I'm ORDERING you to gin up a tout tonite, or the bottom falls out of this thing on the first market-wide sell program, starting tomorrow!

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