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

To: John Graybill who wrote (43408)	3/3/1999 10:26:00 AM
From: John Graybill	Read Replies (2) \| Respond to of 53903

$SOX is making some decent progress today, INTC is up 4, TXN up 2, etc. But MU is 54 as I write. The longer "they" take to get MU back to 58-60 (and there's been a whole lot of open-interest in 60's all of a sudden), the stronger that 55 resistance becomes. Looks like the analysts are gonna wait until the earnings (loss) announcement before downgrading en masse. This is certainly a golden opportunity to "pile on" and they're passing it up. The honest ones must not consider it a high-percentage play to downgrade now. So now I'm looking for one last stab to 60, which would be the first test of the long Nov-Jan up-trendline from the bottom, and then a summer swoon.