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Micron Technology Inc. Message Board

  • vincent90157 vincent90157 Feb 28, 2013 2:34 PM Flag

    I Was Wrong Earlier I Forgot The Dow Must Touch All Time Highs

    The market is starting to get stupid but MU is now out of my buying range. The momentum guys are in the stock even more after Regis's appearance on Fast Money last night. Everbody is talikng about all time highs which scares the #$%$ out of me. Made some money on GRPN and BSFT this morning but now I'm a spectator. Missed JCP at the lows by pennies on my bid OH well. Good Luck Here but this action makes me nervous now.

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    • Vincent: I tend to agree....not so much about MU but about the market starting to get stupid. All that fixed income money is beginning to flow out of bonds and into equities in the usual lemming "me toooo" fashion. Typcially speaking from this point going forward momo inertia and lemming enthusiasm will shove things upwards to some resistance level....but the better play increasingly becomes looking for the short game...the AAPL's, the GOOG's, because everything that goes up to the sky invariably comes back down...

      Just some thoughts.

 
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