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

To: RinConRon who wrote (49416)	10/20/1999 9:32:00 AM
From: John Graybill	Respond to of 53903

Thanks for the insight. Dunno if the sales models used by MU, INTC, IBM et al are based more on retail sales or more on business sales, or if it varies by company, etc. I do know that it gets tougher and tougher to get a business to spend money closer to the end of the calendar, Y2K or not. ------------------ Looks like an up opening across the board, which should give ABN Amro and all those other guys caught long some breathing space to get out in the early part of the day at least. Puts are definitely fairly priced now, possibly even a little "fatter" than they're supposed to be. I got a few yesterday per my post. And I had a sucker order in to buy some more at the close for $7 1/2, which was their price on the way down when MU was $62. Should have filled, as MU did make it to 62, which would have left me in a nice position for another down opening, but it didn't fill. So I must conclude that as of last night, They forsaw a down opening for MU, and any up action we see this morning is a selling/shorting opportunity.