Dow now up 204pt's...no...198pts...no....well you get the drift. This is a (reader) BOT-driven game of instantaneous "shoot first think later." God for the days it took news the better part of a.....minute (heh) to get out there....it at least allowed for a second or two of thinking before reacting. Now it's all "She said (BUY/SELL take yer pick) what?" The game may be a random walk but todays machinery has made it a decidely volatile one....it is what it is....
I agree that there is hopefully more upside coming in the future. Just how much, when and why are all up for grabs. Anyone thinking they can buy Mu before earnings and then sell the next day and make easy money may get hurt. If I were a chart oriented person it would be interesting to look at the moves around earnings going back 2 years and see if there is any trend or consistancy. I just seem to have disappointment as a reaction burned into my pshche around earnings.
So is this the kind of fact you're referring to? "Huge short squeeze has begun". Or how about this one? "$47.50 after earnings".
You're something else robert!
i agree about the earnings play but I also think you could see a 9-10% increase in MU as the recent down trend was basically mirroring the market. I could definitely see MU back to 36 after earnings. This seems like the same thing that happened in October
Afen, you are spilling your koolaid all over. No one knows what difference Romney would have made, although I believe he would have been better, certainly no worse.
it was up early and retracted before the fed statement, maybe fear on the potential rate hike? got a good bounce right after the fed released the statement though.
Just look at how these two companies are run robert. Look at how SWKS has been diversifying their product mix into other areas of the economy. Then look at their Balance Sheets. Do you need an analyst to tell you everything or can you figure some things out yourself? You have a two eyes and a brain you know!
Do what you will but I would caution against any large short term plays with Mu around earnings. You are likely better off picking red or black and the roulette table and doubling down if you lose the first. Mu's moves around earnings have a distinct lack of sanity. It is simply a crapshoot and you are likely better off just shooting craps. Especially if you are planning on a quick turnaround.