Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: phbolton who wrote (43713)	3/12/1999 11:23:00 AM
From: John Graybill	Read Replies (3) \| Respond to of 53903

Hear, hear! "They" stopped it dead in its tracks at 50 on a giant volume spike, so it looks like we've seen the low of the day. That also corresponds very nicely to the beginning of this insane run at the beginning of the year. MU never breaks through something the first time. It would be very good for business down on The Floor to draw out the DJII 10K drama over a couple of hours at least, and possibly a couple of days. Scalping that eight or sixteenth on every trade of every whipsaw is all they need to do to pay the bills. 60 is still pretty significantly ahead in open interest volume for both puts and calls, and can anybody guess what the conversion price is for TXN's and INTC's convertible bonds? Yep! IMO, we still haven't seen the final pre-expiration run to 60! (attn Larry: I'm still a bear, though!)