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Micron Technology, Inc. Message Board

  • gabengracie gabengracie Oct 16, 2000 2:17 PM Flag

    Covering a short position?

    I usually don't short stocks, but wouldn't the
    drop to 33 this morning have been the time to cover
    your short? I would think that the upside for this
    stock from these levels would make the risks of
    shorting far outweigh the potential gains. Just my
    opinion. I look forward to reading additional posts on the

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    • Thank GOD that we only have a few more days until
      the mutual fund companys quit their tax loss selling
      for the year. They must have their losses in by 10-31
      and after this you will see a mad scramble to get
      back into the tech stocks. As an ex broker, I can tell
      you that these mutual fund companys will soon begin
      to reestablish their positions as their isn't any
      other place than oil to bring in big gains for next
      year. EOM.

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