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To: TREND1 who wrote (33415)5/15/1998 10:30:00 AM
From: DavidG  Respond to of 53903
 
Larry,

I show the last low at 27 1/2 back on April 13th. Some bad data got into the quote systems and showed 27 1/8 and was never removed.

Today the low is also 27 1/2. MU has to hold here. Tom Kurlak knew what he was doing today as usual. Expirations, NSM, etc ...he is just looking to increased the downward momentum. Curious to know Merrill Lynch's short/put positions.

DavidG



To: TREND1 who wrote (33415)5/15/1998 11:16:00 AM
From: Patrick Koehler  Read Replies (3) | Respond to of 53903
 
Larry, some data from past Kurlak "anti-touts" is as follows:
******************************
August 13, 97: Prev. close was 49.75
Opened gap dn at 44, hit low of 41.69 for the day at 10:24, but
had a low of 41.18 at 10:18 the following day. The only
"anti-tout" that had a lower low other than day of a-tout.
Five days later, MU hit 48.13
*****************************
Dec 16, 97 (day of report) Prev. close was 22.5
Opened gap dn at 22, and had low of 22 at 9:38, and 7 min.
later was at 24! 3 days later, MU had high of 27.5
*****************************
Jan 16, 98. Prev. close was 31.56
Opened gap dn at 30, and had low of 28.5 at 10:38.
4 days later, MU had high of 33.75
****************************
Feb 11, 98. Prev. close was 37
Opened gap dn at 35.88, and had low of 35.38 at 9:45.
One day later, MU had high of 38.06
****************************
May 15, 98. Prev close was 28.5
Opened gap dn at 28, and the low, so far, of 27.43 at 11:00
***************************
Will MU bounce again over the next 5 days, as it has
on the previous 4 a-touts? The odds are that it will.
Patrick
Larry, the option open interest is still 30, but less than
3000 contracts over 27.5, so don't expect to see a big
influence.
As for my trades, I have been killed over the last 2 days, but
that is water under the bridge. Looking for expectations of
the next 5 days, and I am expecting a bounce from today's
low of 27.43.