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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: JF2155 who wrote (37347)	8/12/1998 3:29:00 PM
From: Bipin Prasad	Read Replies (3) \| Respond to of 53903

Jim, 12:37 ET Micron Technology (MU) 34 +3 5/16 (+11%): DRAM chip maker's shares on fire as investors respond to rally in DRAM prices. Probably just as important is the large short position in MU. According to MarketGuide, MU has a Short/Interest ratio of almost 9 days. That compares to Intel's S/I of approx. 1 1/2 days. Volume today 5 mln shares vs avg daily turnover of 3.6 mln. What makes you think they are lies? That's what we've been telling bears here for the last one week. later, InSook