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Technology Stocks : Micron Only Forum

MU 201.37

-10.9%

3:59 PM EST

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To: Tony Wang who wrote (44291)	3/25/1999 10:26:00 AM
From: John Graybill	Read Replies (1) of 53903

The nearly-gap-up opening in the broad markets was cover for MU. Massive buying across the board, maybe buy programs, maybe not, but it would have included MU. That balanced the massive selling of MU on its own poor news. I've already seen on CNBC's ticker two 100K blocks way off the highs of the day, not counting the open of course. 51 looks like the sweet spot to keep things from running away one way or the other for a couple of hours. Time to wave bye-bye to 54-55 as a short entry, oh well. BTW, Gerard Klauer jumps on the re-iteration bandwagon. Two or three more and CNBC gets to run their hilarious footage of a line of penguins (no footage of lemmings I suppose) diving into the ocean.

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