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To: Chas who wrote (42555)	1/29/1999 11:37:00 AM
From: John Graybill	Read Replies (4) \| Respond to of 53903

Chas, Not time to go short yet: 1) Today we had yet another V-bottom at 10:30. This almost always means that that's the low of the day. See my posts earlier on V-bottoms at 10:30. I've lost track of how many we've seen in the past two weeks. (Six? I note three this week alone based only on my own SI posts here.) 2) Two big tout-fests coming up -- first one is next week by NB Montgomery Securities, to be followed immediately by Goldman Sachs. At worst, these tout-fests will maintain the stock at current levels. See my post earlier for a link for the complete 1999 tout-fest schedule (as is so far known), and see the chart for last year at this time to see how long it took MU to drop from its Feh 5 high, at which point it was nearly cut in half. Goldman Sachs is not to be messed with. 3) MU's move began yesterday at 1:30 or so. Not only is this a time that does not fit my observations of when big market-wide moves up begin, but it was MU-specific. I thought we would see follow-through today (and we still might), as well as MU-specific news, but it looks like the news (or third-party (yeah right) rumor or analysis) will be Monday at the latest. Maybe it will be the opener at NB's tout-fest. John