Common sense has nothing to do with this market. I suspect there will be a lot of buying of tech this afternoon as all that freed up money probably won't stay in BABA very long if at all.
Great job.I thought the baba ipo would help but out of nowhere the seeking article slammed us. Taking profits is the way to wealth. Something the kids on this site dont get. What you and I understand is stocks can have great earnings and tank. MU has been dead money since last earnings and let you in for nearly 5 bucks lower than the pre earnings price. These one liners havent grasped the making keeping money concept yet...buy and hope seems the mantra
Saw the weakness in that $32.40's yesterday sellers kept coming in there yesterday. I was very surprised how it closed on the high yesterday. But we all know how MU is it can go down $2-3 in a few days then do the reverse. I'm nervous about this Scotland vote, the Fed and Alibaba it may be creating a market top in the near-term. Too many happy faces on the airwaves.
The market is not rigged. They really do not use the material that is concrete such as metal frames and steel cable so from a lawyer's standpoint it is not rigged. But from the standpoint of integrity it is manipulated by rich human beings. Most of those folks now a days see values as money not character. They are really drug addicts who will steal from their own families to meet their needs.
not where the highest open interest is- it's where the highest volume is! for example, the highest open interest on the calls side is at $31.00 with 23,000 in open interest and 4000 in volume- whereas at $32.00 (calls), the open interest is 12,000 BUT the VOLUME is the highest of ALL strike prices of both calls and puts - that vol is 6800! that tells us that mu will be closing today at around $32.
if you only looked at highest open interest, then that would have mu closing at around $31- but it won't do that because the highest "volume" being traded is at $32- and it's where the volume is being traded that you look at as that is where the trades are being done right now- whereas open interest is old or current- those contracts at open interest could have been sitting there since last year for example- whereas volume is what is being done RIGHT NOW! so it is volume that you pay attention to- not open interest- when trying to gauge where a stock is going in price for options expiry.
Remember that Apple prebought product from Micron. Advanced Micron 250 million to secure product for this product launch. That seems to be a good indication these companies are working together.
In NY Lines to buy new AAPL product 22 BLOCKS LONG !...and AAPL IS FLAT TO DOWN...While BABA is opening close to $90 and should run huge. Something wron with this picture.
Its in last August 2013 reports when MU bought Elpida, 75% of Elpida's business came fro Apple. Do your homework Fool!
Without MU, AAPL is in trouble. There are plenty of other customers. Cite source for 75% figure... I believe it is closer to 25% as AAPL uses multiple sources for DRAM.
I hate ops expire days. Doesn't make much difference which stock you look at; if there is no news, the strike price with the most open contracts is a magnet.