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Harley,
I am asking this as a question only (I have no position in MU): Does it
matter to you that today was the highest close of the last 11 days?
Since you like to short a stock, give your opinion of LIZ. I shorted 200
@27 3/4 today. (Went short late in the day when it took out yesterday's
low and 10/12's high.
Al Taglavore
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> From: Harley Meyer <meyer@xxxxxxxxxxx>
> To: Metastock list <metastock-list@xxxxxxxxxxxxx>
> Subject: MU
> Date: Wednesday, October 14, 1998 10:16 AM
>
> Entered short 100 shares @ 30 1/2, I entered to sell short at 30 7/16.
> So it was a good fill. Why? The market has been crawling up to the 8000
> level and I feel it will be a psychological barrier. MU was also up 1
> 1/2 pts. which is fairly high for any given day. If the market goes
> south I win. If the market moves higher and MU follows then I will see
> MU go past me but I should see it again as it falls on profit taking.
> Also u/d volume ratio is poor about 1.75 on the NYSE considering the
> adv, dec ratio on the NYSE. Lastly MU has not had a sell off today but
> did open up lower. So those that bought in the 28s are up with little
> upside potential for the rest of the day in MU.
>
> Currently MU 30 1/4.
>
> Harley
>
> Right now MU is
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