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: TREND1 who wrote (28250)	2/12/1998 4:37:00 PM
From: DavidG	Read Replies (2) \| Respond to of 53903

Larry, The problem that I have with the technical side of MU right now is the failure to break 39... after intra day high of 39, then came 38 5/16 and now today 38 1/16. In fact after dropping to 35 3/8 on each of those highs it showed less momentum which caused lower highs. This afternoon, after dropping to 35 3/8 again, it only went to 37 and stopped. That is why I got out. MU is looking weak and tired and once it drops below 35 I would guess we will see 33 very quick. Good Luck Trading DavidG

To: TREND1 who wrote (28250)	2/12/1998 6:34:00 PM
From: Patrick Koehler	Respond to of 53903

Larry, I check your web site, and I also have a number of MU charts, and I am watching that channel closely. I see the lower portion of that channel at about 25 1/4, so I think that it is important for it to stay above that. If it breaks it, then, as David says, it might drop a point or so. My computer, however, is getting closer to a buy signal. Of course, as you have said in the past, when a stock is oversold, it can become more oversold! <gg> Patrick