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: JF2155 who wrote (41464)	12/17/1998 3:29:00 PM
From: John Graybill	Read Replies (2) \| Respond to of 53903

>Trey -no use fighting the market --MU may go a lot higher but it won't go much lower near term A glance at price action last quarter is worth your time, as the similarities between then and now cannot be ignored: - two product announcements within days of each other, and within days of the earnings announcement - mind-blowing announcements on the very eve of expiration: then it was the company-sponsored INTC leak, this time it's the Robbers and Stealers carnival barker and his $200 figure - the stock being on a virtually non-stop "destroy all shorts" rampage for two weeks previous to the end of the quarter - delay of earnings announcement until after option expiration Note that the tippy tippy top last quarter was the day of the earnings + INTC announcement (9/24). If you're thinking about legging into a bear spread, don't start tomorrow and hope to finish sometime next week; you'll lose big-time premium on all January options, puts and calls both, after option expiration.