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

To: DavidG who wrote (42450)	1/22/1999 11:47:00 PM
From: grok	Respond to of 53903

That is an amazing web page. I checked INTC and saw the last trade at 17:51 on nasdaq. How can trades be occurring like this after hours??? --------------------------------------------------- John, Somebody got silly near the end with some 200 and 300 share trades. I think it means absolutely nothing. quote.com As far as todays performance for MU it was weak at best. I would expect more of a drop next week. DavidG

To: DavidG who wrote (42450)	1/25/1999 4:31:00 PM
From: John Graybill	Read Replies (3) \| Respond to of 53903

Looks like those 200- and 300-share 70 1/2 trades at Friday's close were a fine job of good old-fashioned tape-painting. It kept the weekly close just a little bit higher than the expiration close of 70 5/16, FWIW. Sure suckered a bunch of people at the open today -- 71 1/4 to 68 in 30 minutes, ouch. I imagine that that was the intention. (Note that many investment software programs have an option in their Time & Sales routine to ignore 100-share trades.) A couple of news services took the bait today as well. CBS Marketwatch used "MU is down over two points" as the star example of semiconductor stock underperformance today. cbs.marketwatch.com Yep, I guess that's about it for Micron, right boys? It was down 2 1/2 today on the news of the INTC investment; that's proof enough for me! A tout-fest next week? Nah, this stock's dead! Yeah right! FWIW, I think we've seen the low for the week. That V-bottom at 7:30 this morning looks really by-the-book to me. I'm looking at the option chart and thinking that Feb 75 calls at 2 1/2 on Wed or Thu oughta be good for a fast 50% after two weeks of tout-festering, even with premium burn.