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Technology Stocks : Micron Only Forum

MU 232.14

-4.1%

2:08 PM EST

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To: John Graybill who wrote (45976)	5/25/1999 6:51:00 PM
From: John Graybill	Read Replies (2) of 53903

MU options commentary: volatility lower despite the ING Barings downgrade: newsalert.com One surprise (to me): traders were selling puts and buying out-of-the-money calls earlier on Tuesday, action [James] Toll called an "odd thing...unless people are trying to pick a bottom in the stock," he said. "They don't seem to be concerned about the downside at all." That would blow my 4/28 opinion away: "Shorts, get ready to re-load; 35 won't get any analyst help as support the second time." Message 9197249 Indeed, they're piling on to dump (on) it. Who is this James Toll fellow? He's the "designated primary market maker at the CBOE". Ah! That's a guy we can trust, right? If he says people aren't concerned about the downside, that's good enough for me! MU bottoms tomorrow, well below 35, and starts its defiant move upward! ROFLMAO!

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