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Micron Technology, Inc. Message Board

  • highlowsel highlowsel Aug 30, 2013 9:59 AM Flag

    Bid $13.48

    Usual sell side tactical game playing out. Bid trying to hold the ~$13.50 area but, as usual, the sell side continues to control the action. Given this I wouldn't be surprised to see the bid will get taken into the mid-low $13.30's...MU continues to be in a "show me" situation as the action is revealing that all the glowing reviews and prospects are amounting to nada.

    Bid now $13.45. I'm standing down below the $13.30 line waving an offer...just on the overshoot theory...

    Bid now 413.44.

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    • Quite the head fake. Selling crammed the bid to ~$13.38, then released the bid to let it run back to ~$13.50, then stepped right back in to SLAM the bid to where it now sits, ~$13.30. In other words....MU's sell side tactical action remains true to form. I expect the action to release the bid to go back to ~$13.40 before it gets slammed into the .20's. any case I do expect my sub $13.30 offer to get taken....

      Saving grace is all of this downside action is coming on reduced volume...though not much reduced.

      American Net'Zen

    • looks like you will be getting your wish. Where does it go from here?

      • 2 Replies to f40forever
      • Bid now $13.57 in the final half hour. All things considered not a bad day. Volume treading the low end of the average which is to be expected given we're staring at the front end of a holiday week-end. Overall I'd say it closes flat.....which means I close shop and begin my holiday in accordance with this.

        Have a good one!

        American Net'Zen

      • LOL! Not necessarily my WISH....but that's what it looked like at the time. Almost went there, too, though the reversal may be underway what with the bid now at $13.45. Overall, if you believe at least a percentage of what's being bandied about with regard to MU's new earnings profile and such then anything at this level or lower is truly a gift. I, for one, do expect the pps to trade higher going into winter. But that said I'm not carrying any overly optimistic impressions. It remains clear (to me) that the market always gives MU a grudging nod of approval at every step. It doesn't go TSLA, or FB, or GOOG, any time with this equity. I think it will always be in a state of "show me the money." That's just the way it is......errrr...and it's just my opinion.

        Bid $13.45.

        American Net'Zen

35.62+0.82(+2.36%)Nov 26 4:00 PMEST

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