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: yard_man who wrote (48186)	9/11/1999 10:52:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 53903

Tippet, your estimate is as good as any. I would start a little at $95 and in earnest at $105, but who knows, with MOMO in play it could reach your target, but it is a "Stretch", IMHO. I got my figure of a max of 105, by suggesting that if we need to be above $88 for 20 days, we will have to overshoot by a good 10% to 15%, well, $95 is the all time high, thus the breach of $95, should, in principle, draw in the crowd of fishers in the "new high list" (quite a profitable tactic by the way, under special circumstances). That should create a throw above $95 of about 10% and volume in the 20 MM shares daily, or so for few days allowing the biggies to sell to the less informed, and for the holders of the converts to lay out and complete their (and highly profitable) hedge, whether or not MU forces conversion. Once you approach the 20 days limit, run for the hills because their is, IMHO, a better than 50% chance of a 50% retracement over the three to six months following the last gusher up. Zeev Zeev