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

To: Land_Lubber who wrote (49321)	10/17/1999 1:24:00 PM
From: John Graybill	Read Replies (3) \| Respond to of 53903

Hear hear! The amazing increase in volume as MU whipsawed for three weeks really makes one stand up and take notice. Re the constant re-its, Whittington's stunt on Wednesday might be a preview of what happens now that the expiration goal of 70 has been achieved. The only way to interpret Wednesday's action, IMO, was that he was supporting the stock as necessary all day long and expected to get out after his upgrade by selling all the stuff he'd been buying all morning. Oops! Nobody wanted to buy anything by Wednesday at 3:00 after seeing two days of nothing but selling, and it dropped 2 points in 30 minutes after being in a 1-point range for a doubly-unbelievable four hours. And Dan Niles' thoughtful heads-up after the close on Friday to encourage us little guys to buy early Monday morning to get ahead of the upgrades from the big boys in the coming week is even more suspicious than usual. (Just who are we supposed to be taking advantage of, anyway? The firms about to do the upgrades? The (other) little guys who don't watch the financial news, and yet would somehow hear a noisy MU earnings upgrade and start buying?) When have Niles and his ilk ever given advance notice of an earnings upgrade? And he knows about upcoming upgrades from other companies, as well? The stench from this "dead fish" is becoming overpowering. A couple of the guys here see a big buy here, but the 20-day DMA is closing down on the 50 pretty quickly. I'm betting that MU's price relative to the price where the 20 and 50 touch is where it stays for a while.