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

To: MileHigh who wrote (42126)1/10/1999 10:10:00 PM
From: John Graybill  Read Replies (2) | Respond to of 53903
 
The manipulators had their chance to short-sell the 6% of MU stock that will be allocated at Thursday's shareholder's meeting and they jumped at it. The beginning of the year is supposed to be good for a rally as new IRA and 401K money comes in, etc.

I'd say that 15M phantom shares came out of the Micron vault one way or another over the past four days and have been properly distributed to the speculative (nee investing) public. So the vault is short 15M shares. When they vote to allocate 15M shares this coming Thursday, abra cadabra, they'll just go back into the vault. The hard work of talking up the company to drum up interest in these extra shares is all done now.



To: MileHigh who wrote (42126)1/10/1999 10:30:00 PM
From: Carl R.  Read Replies (1) | Respond to of 53903
 
Actually I think that the reverse may be true. Spending time on RDRAM production will take some focus off the 64MB SDRAM part that is the volume part. Making a few bucks on RDRAM is fine, but an extra penny per 64MB chip will make them more than they'll make on RDRAM this quarter.

Carl


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