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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Fabeyes who wrote (47945)	9/2/1999 1:53:00 PM
From: DJBEINO	Respond to of 53903

02-Sep-99 10:42:05 Micron Technology has gained $3/8 to trade at $73, bucking the broader market trend into negative territory. However, MU is not immune to the selling pressure, which has managed to pull the issue down from its intra-day high of $75. I-Watch depicts a few super- sell messages around $74, which could restrict today's gains. Interestingly, a closer look at the reported trades reveals that reported sell transactions outweigh the buy trades. A sufficient number of investors are ready to pick up shares at these prices, keeping the stock in positive territory. Watch for an increase in super sell messages that could portend a slip into negative territory. Block trades account for 44% of the total volume, which suggests "big money" players account for the majority of the action today. Already 1.7 million shares have crossed compared to MU's 10-day average daily volume of 5.6 million shares.