Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 -- Ignore unavailable to you. Want to Upgrade?

To: yousef hashmi who wrote (47731)	8/19/1999 2:09:00 PM
From: John Graybill	Read Replies (3) \| Respond to of 53903

So is the price, but parabolically. They got the jump on the the market-wide buy program that began right around 1:00 to try to sqeeze anybody who put in an order to short in the low 60's. I guess that buy program was pretty well advertised, and the MU specialists couldn't wait. But that's got to be a small bunch today. Any short worth his salt should have covered during the hour-long repeat of yesterday's "59 shall not fail!" zone, and wouldn't have put in an order to short at 60 and then just turned off his box. Given MU's past history, and the no-holds-barred rampage from 57 to 60 yesterday, the odds are overwhelmingly in favor of a quick return to 60 for expiration.