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: Richard Russell who wrote (28470)	2/16/1998 1:36:00 PM
From: yousef hashmi	Read Replies (2) \| Respond to of 53903

TO ALL, what would happen if the lenders of MU stock to the shorts asked for their stock back? answer (squeeze)

To: Richard Russell who wrote (28470)	2/16/1998 7:43:00 PM
From: Stephen M. DeMoss	Read Replies (1) \| Respond to of 53903

Richard, I don't have the numbers in front of me but over the weekend I scanned the open interest of puts and calls and it seemed that (by far) the greatest concentration of interest is at 35. Thus it would make sense that if MM's have control of such things, they would have it rest at 35 within a 1/4 or so. With the PPI, Dell earnings, Asia crisis, Japan banks failing, etc. The MM's may not be able to control it. As an aside, it seems that most people are mini-bulls or outright bulls on this market. Short term they may be correct but it seems we Americans are living on an island, oblivious to what is brewing all around us. We are 6% of the world population but feel as long as the charts are bullish, no calamity around us can touch us. Steve D.

To: Richard Russell who wrote (28470)	2/17/1998 2:43:00 AM
From: John Graybill	Read Replies (1) \| Respond to of 53903

I think a 35 close on Friday (+/- 1/4) is the best bet. The double-top (triple-top according to me) is now obvious to all, and we won't see any last-minute pimping from the usual crooks this time. Watch out for a quick, sharp down-spike Monday morning (2 1/2 points from Fri close?) to let the crooks sell a lot more 32 1/2 puts (heck, and some more 35's as well, they'll be buying them back for 1/8 on Friday close) to the suckers. But don't look for it to last more than an hour or so, if it happens at all. Nobody buying Feb 32 1/2 puts tomorrow has a snowball's chance of even breaking even. (A little late to be predicting Monday's open, yah I know.)