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

To: DavidG who wrote (45442)	4/28/1999 11:50:00 PM
From: nolimitz	Read Replies (2) \| Respond to of 53903

David So my question to you is: what could be the benefit of Simplot selling so much for so little? The last time JR sold a huge chunk (+1M) he was facing a margin call of some sort. It hit the press that, that was the case. I don't know if that is so this time around or not. Also consider he is getting way up there in years. The last time I heard him speak he wasn't "on the ball" so to speak. <VBG> nolimitz

To: DavidG who wrote (45442)	4/29/1999 2:16:00 PM
From: John Graybill	Read Replies (1) \| Respond to of 53903

Astonishingly bad timing, indeed, and not the first time. A little rummaging through the back issues of SI stacked in the attic gives us news of jumbo Simplot sells on 7/14/96, 7/19/96, and 7/26/96, within two points of the very bottom (16 5/8 on 7/24/96). (Volume on 7/11/96 was 14.7M and volume on 7/12/96 was 10.8M.) Also, not for the first time, Merrill was on hand to issue an upgrade soon after. Good old Kurlak did the deed on August 7, and the stock gapped up from 22 1/4 to 24 3/8 and did 18.5M shares that day -- still in the top 5 volume days. (Need I mention that other typical postings in the MU thread of July 1996 include frequent posting of the falling DRAM prices, news that Micron was filing charges against the Asians for dumping, predictions of the imminent (further) collapse of all stocks in the tech sector, and the discovery that "big-firm" analyst reports should be, shall we say, taken with a grain of salt? Nah, didn't think so.)