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Technology Stocks : Micron Only Forum

MU 223.79

+7.9%

3:59 PM EST

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To: Skeeter Bug who wrote (44627)	3/30/1999 4:52:00 PM
From: John Graybill	Read Replies (4) of 53903

I won't argue with you as to whether TXN becoming the 800-pound gorilla is known on the floor or not. Whether it is or isn't, another (!) gap up, followed by a run to 49 after today's weakness, would be a perfect way to screw everybody that does know about it, squeezing both strong and weak shorts alike like so many tubes of toothpaste on the very last day of the calendar quarter. "Everybody knows that the funds don't want to be shown owning MU tomorrow," right? Good thing I'm short, right? But... I'm thinking that 3/31 is gonna play out like an option expiration -- all the positioning for the next episode is done, now the MM's will take the opportunity to shake the tree and see how many shorts they can dislodge before El Dumpo Grande.

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