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: Land_Lubber who wrote (50308)	1/12/2000 5:04:00 PM
From: John Graybill	Respond to of 53903

I don't have any observations about what happens after the end of the forced march. The purpose of the march is either to run stops, in which case the only conclusion is that it will go lower, or that a favored party is getting out at a desired price, after which point nobody really cares what happens, or both. No numbers whatsoever about how much of a retracement to expect, some fraction of the length of time or gain of the march, nothing like that. BTW, compare MU to the index of your choice today during that forced march. They ran MU without any break whatsoever, even though the rest of the markets jacked around the whole time. I still think it's "moral support" for the CS/FB inspired action in INTC. I never expected the drop to 74 at the close. When I saw that jumbo buy right at 3:00 and another one right at 3:30, I figured 75 was the closing price. ------------- FWIW, over the past couple of days, either I'm getting bad real-time data (from three completely different sources), or no rules apply any more, or they're putting trades and changes in the bid/ask out of order, or something like that. Looking at bid and ask prices and sizes lately and trying to predict price movement by them has been a highway to hell. The thing just gapped up and down all day long. Trades of 5K and 10K would appear 1/4 point beyond the worst bid or ask on the planet over and over again. Other times you'd see a price get hammered and hammered for a dozen trades, then not trade at all at any price, then the bid would drop by a half point, and then all of a sudden the ask would jack up a half point in the other direction, and suddenly everybody started buying. Same on a couple of the sells. So I'm just gonna look at price and volume tomorrow.

To: Land_Lubber who wrote (50308)	1/13/2000 11:09:00 AM
From: John Graybill	Read Replies (1) \| Respond to of 53903

On a day like this with a nasty whipsaw in the first half hour, I can never figure out who the chumps are -- the guys who got their buy stops run at 75 right at the open, or anybody who sold into that fake collapse into 10:30 just before it ran straight up 2 points in 13 minutes. Same rocket out of 10:30 (10:28) as yesterday, huh? You gotta be anticipating that, which, as a general principle, I hate to do, if you want to try to catch it. Even when I'm at my broker's office and can look over his shoulder, it's a race with the devil to recognize the beginning of the fake collapse and get a trade off. ------ If anybody has a case for anything other than 75 for expiration, let's have it. 75 has been the price of choice the past couple of days. I'd say that the pre-expiration dump and recovery was Tuesday's low followed by that mean forced march on Wednesday, even if the numbers don't work out exactly.