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

To: John Graybill who wrote (48383)	9/16/1999 7:49:00 PM
From: Land_Lubber	Read Replies (1) \| Respond to of 53903

John, Of course your facts are correct, however you may be overlooking some as well. 1. It's not just MU. MU has just been tracking the SOX, SPX, and NASDAQ. They are all doing the same whipsaw routine. MU can't get down to the business at hand (i.e., going onward to 90) until the markets also settle down to business. 2. In spite of 1., MU is having huge volume even though the market is thinly traded these days. To me this means that big money is in two camps right now: those that are getting out of MU at an apparent top (been holding for a while) and those that are getting into MU for the next leg up (or increasing their positions). They are taking advantage of the turbulent marketplace to get their "size" traded without making the "waves" any bigger. 3. The specialist is not eating stock here. If there were not enough REAL buyers and sellers MU would not track the SOX at these volumes, but it does. 4. The hype potential has NEVER been better for MU. What more could you ask for right now in terms of hypeable future prospects? 5. You KNOW you are being set up when Kip says "Don't expect the really big stuff in 4Q." Hello? If 4Q was going to come in only in-line with the "consensus" he would be saying that he "never comments on earnings" or whatever. He is incapable of a negative statement unless it is one that turns out to be a kind of understatement of a happier truth. The down-leg from Sept 7 to 13 was "on schedule". The way-overdone retracement from yesterday's open to noon today was an anomaly due to independent market forces, used to advantage by big MU traders. If you see MU going down on heavy volume when the SOX and NASDAQ are going UP, then SHORT, until then the trend from May is UP. In my opinion. Land_Lubber