SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Micron Only Forum
MU 246.84+4.2%Nov 14 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Graybill who wrote (45728)5/14/1999 12:51:00 PM
From: John Graybill  Read Replies (3) of 53903
 
Oh no, it's a big down day!

Yeah right!

e-mail exchange between me and Land Lubber:

---------------------

Date: Wed, 12 May 1999 16:18:58 +0100

> From watching MU you might have observed that the late part of the
> week before expiration, extending into Monday/Tuesday of expiration
> week, is usually some kind of panic drop that never quite lasts into
> expiration.

Absolutely! This is the most predictable thing I have ever seen in the
markets.

> this is a standard fake-out move to sell a bunch of puts,
> cover shorts, etc.

Makes sense.

> This Rubin thing was too quick, and possibly a
> little too early, to qualify.

--------------------

I woke up this morning and saw the DJII down 200, and just smiled and shook my head. :-) If you're not in on this little trick already, it's worth a couple of percentage points per month.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext