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

To: DavidG who wrote (41969)	1/7/1999 3:34:00 PM
From: Carl Held	Read Replies (2) \| Respond to of 53903

RED FLAGS.....RED FLAGS....... Analysts who were pumping air into the balloon are selling. As stated earlier, I watch every trade. This block trade was at the bid (sell). BLOCK TRADE - Micron Tech 100,000 at 64-3/4, crossed by BancBoston Robertson Stephens It is very interesting that Goldman Sachs strategist Abby Joseph Cohen has reduced her exposure in equities and also said she remains bullish. She needed to say the second comment so the market doesn't drop as she is selling into the momentum. To everybody, this should be a red flag meaning the market is overpriced and now is the time to sell. To those who defend her, the question remains: Why didn't she announce prior to reducing her portfolio? Think about it.... Price-to-cash flow is at an all time high of 43.9x (very overvalued). Back in 1995 (their best year), the high was 19x. Rumor cannot be confirmed......not surprised... Soundview has started a rumor, but...but....cannot confirm. Others have said the rumor is not true. Another fact: Saloman Smith Barney bought 286,900 shares @ 53 on Monday. Today, they have sold them at 64 3/4, a profit of 11 3/4 pts., I know because I watch every trade and an article came out stating they sold them. Saloman probably figured that there would be a major short squeeze due to the momentum going into this week, January 06, 1999 11:44 JR Simplot Co Files To Sell One Million Micron Tech Shs (MU) (NewsTraders.com)-- Insider Details Source: Form 144 released today by the SEC Transaction: Proposed Sale Company filed on: Micron Technology Inc. (MU) Filed by: J.R. Simplot Company Filer's relationship to company: Shareholder Number of shares: 1,000,000 Aggregate market value: $51,500,000 Approximate date of sale: 12/29/98 Company shares outstanding: 213,000,000 Broker: NationsBanc Montgomery Securities Inc. To everyone, you can either deny it or accept it. These are facts. Now is the time to sell.