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Micron Technology, Inc. Message Board

  • arts.crafts2 arts.crafts2 Oct 25, 2013 11:23 AM Flag

    SAMSUNG reports increased mobile chip demand; MU just falls. Now at 16.72. Ex;planation?

    Manipulation. The big forces don't want the $17 calls to be exercised. I'm really sick of this. Every week we have options on this stock, and this kind of computerized manipulation is on full tilt. We can't even get to 17 any more. Your take?

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    • That's just the way it is. Presuming you're correct in your presumption there's absolutely nothing you can do about it. BUT, knowing this it should effect your style of trade so to not get drubbed, eh? ;-)

      And even from a longer term aspect it gives one better in/out perspectives....all else being equal.

      Just my 2pennies worth. Meanwhile the sell side is hugging the bid to this mornings ~$16.98 downtrend line. All in an attempt to dive the bid back to the ~$17.41 downtrend line which sits at ~$16.60. And they'll do it, too. You watch. Bid now $16.65 and still being pounded in Texas 2-step (downward) style.

    • Maybe the profitable play is to sell covered calls. That would recover a little cash on a steady basis.

      Sentiment: Buy

10.1384+0.0784(+0.78%)10:19 AMEDT