Suppose we have a sudden market correction of 5-8% or MU disappoints a bit on earnings. Right the analysts have taken this up $3+ more than 10% in a few days and momentum is on MU's side but if there are either or both of those scenarios happen it will be under $30 real quick which may be a buying opportunity...I'll be watching.
Holy cripes why are you guys picking on vincent? His posts are reasonable and informative. You wanna pick on a dipstick, pick on that dumb donkey fake stocksgirll. She adds nothing here but hype!
Looks like both MU and SWKS may have both hit the wall for the time being while SPWR is breaking out due to Iraq and higher oil prices.
So what did you do end up doing with you 29.5 covered calls? you let them get called away and bought calls? Crazy run in the past 5 trading days, I want it to continue but its done nothing but go up and realistically needs a correction before we see 35 but earnings next week could get us there
Thanks for the post and I actually love this stuff. It weeds out the children in their thoughts when a stock they own doesn't keep going in the direction they expect each day. I love MU and have made a lot of money the past two years trading it since it was in single digits but I do trade it both ways on any given day but that seems to strike a nerve with some of the high schoolers here.
I will be honest I did short some at $31.99 earlier and will wait just a bit longer to cover when the Nazdaq turns red. I'll make sure I keep you abreast of the situation. You know what's amusing is that I chatted with jokers like you last year all the time when I traded BBY almost everyday. Most of them have left that board and it is now full of spammers.
One more thing and plant this seed in you head watch how fast traders can take a stock down when they decide to take profits. It may not be here but it can at any moment and it will make your jaw drop.
Yeah I'm short 50,000 shares at $22 and you are an AH since you want to lower this to that level. I make realistic comments about realistic scenarios and trade in and out of MU on some days. I'm not short but if makes you happy then I am. Check your 150 shares each day and make yourself happy. Now I do hope it drops to the $20's because of giddy investors like you. I lose money on any given day too but I do not shed tears about it I move on. Enjoy your gains before they may be gone.