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

To: John Graybill who wrote (48126)	9/9/1999 7:32:00 PM
From: Land_Lubber	Read Replies (2) \| Respond to of 53903

John, I agree that today looks like the pre-expiration bottom. Yes, it is two days early, but why waste the precious few hypeable days when DRAM prices are still seen to be rising? Today's long dangling candle tail, or hammer handle, is the clincher, but yesterday's huge volume had me very suspicious that the usual five-day down-leg would be cut short. The biggest volume usually comes at the end. So suspicious, in fact, that I bought calls at yesterday's close. Of course, now I wish I had waited until today to do that. Thanks for mentioning the upcoming Sept 13 tout-fest yesterday. I depend on you for that info. because I don't know where to find it myself. Yet another clue that the red candle days are behind us for now. Land_Lubber

To: John Graybill who wrote (48126)	9/14/1999 6:48:00 PM
From: John Graybill	Read Replies (1) \| Respond to of 53903

Hmmm, rumors that MU is going to unload MUEI, from yesterday's "Rap": "...Micron was up a buck and change on speculation that the long-rumored disposition of Micron Electronics may be about to occur..." siliconinvestor.com Imagine that, MU drops 10% in three days, and suddenly there's an MUEI buyout rumor being spread the Monday before option expiration. And four re-iterations today. (Is that a record?) Conspiracy? Naah. yawn :-) I can't guess the price, but I'll guess the time: two or more days of bleeding from the ears before we can catch our breath on Thu/Fri, thus beginning the 20-out-of-30-days-above-87 period. That would put us pretty far from my trendline at that point -- I think Friday's value is 78 or so, and selling at-the-money covered calls to capture some post-expiration-weekend premium burn might be in order.