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To: Skeeter Bug who wrote (24315)11/20/1997 5:08:00 PM
From: DJBEINO  Respond to of 53903
 
The Samsung case at the ITC charges Fujitsu infringed the Korean firm's patents on DRAMs, synchronous DRAMs, ASICs, microprocessors, microcontrollers and embedded DRAMs.
U.S. to hear Samsung case against Fujitsu

techweb.cmp.com



To: Skeeter Bug who wrote (24315)11/20/1997 5:09:00 PM
From: DavidG  Read Replies (2) | Respond to of 53903
 
Skeeter,

Tomorrow is expiration...as you know...if MU decisively goes thru 26 tomorrow and monday then the next overhead resistance is at 29.
If it breaks 29 than there is the good ole 33 level MU has suffered with for 2 years. I do not expect 29 and especially 33 to be violated without a little basebuilding.

We may see a little pullback of 1 to 1 1/4 pts tomorrow because it was so far ahead of SOXX...and then a followthru so I expect it to retest 26 and then 29 this year. I believe the 25 day MA is just under 29 so you can see how critical that can be.

Christmas rally may have started so..."so you better watch out.... ...Santa Claus is coming to town"

Good Luck Trading

DavidG



To: Skeeter Bug who wrote (24315)11/20/1997 7:35:00 PM
From: Peter Shaw  Read Replies (1) | Respond to of 53903
 
Sketer and all,

This is my last post on this thread, as I have just passed my licensing exam, and will be an active broker very shortly. MU is followed by a swarm of momentum traders, and will be influenced most by their actions. When they sense a large position/positions to be executed in the market, they will exacerbate the extent of the influence. In that light, I don't believe MU was being driven down by any one source of selling, as suggested here. IMO, the big boys were mostly cleaned up when we breached 30...
How's that for a swan song? ;-)

Cheers,

Peter Shaw