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Micron Technology, Inc. Message Board

highlowsel 344 posts  |  Last Activity: Jul 19, 2016 9:52 AM Member since: Feb 26, 1998
  • Reply to

    PM Bid $12.79

    by highlowsel Jun 27, 2016 6:37 AM
    highlowsel highlowsel Jun 27, 2016 2:57 PM Flag

    Oh without a doubt this is all emotional. I think I heard something said earlier about C only being 10% exposed to EMEA...so all of this is emotional....which meams you can't stand in front of it. Ever tried to say "WHOAA!" to a mob? The last time I saw that attempted they peeled the poor smuck off the floor...with a spatula. ;-)

    Bottom line? Don't even try to make sense of a non-sense situation....

  • Reply to

    PM Bid $12.79

    by highlowsel Jun 27, 2016 6:37 AM
    highlowsel highlowsel Jun 27, 2016 2:22 PM Flag

    Bid $12.17. Did I say sub $12 by Wednesday? Hell it could do it TODAY! Which sets up a test of a new yearly low by either tomorrow or Wednesday so long as this keeps up. We're right back in the groove of the late Dec to Feb slide ain't we. Yeeesh...

  • Reply to

    PM Bid $12.79

    by highlowsel Jun 27, 2016 6:37 AM
    highlowsel highlowsel Jun 27, 2016 1:59 PM Flag

    I tend to agree. My gut says if $12 really does break then we're looking at a double bottom test of the (so far) year low of ~$11. Jeeezus this feces just ain't letting up is it? Speaking of which....skidding indeed...bid $12.23 and the way it's acting my sense is it's setting up to close in the low end of the teens. Which is a perfect setup for a thrust, tomorrow, to your $11.65 area...my short side game is certainly getting polished these days....

  • Reply to

    PM Bid $12.79

    by highlowsel Jun 27, 2016 6:37 AM
    highlowsel highlowsel Jun 27, 2016 12:37 PM Flag

    Here we are at the noon-time hour and the Pooch can't get off the mat. Bid $12.26. If you're long this doesn't bode well for the afternoon. Think Pacino in Scarface...."Say hello to my little $12 friend?" I know...I know... :P!

  • Reply to

    It will take a lot of buys to get back to 14

    by jackoftrades1045 Jun 27, 2016 11:38 AM
    highlowsel highlowsel Jun 27, 2016 12:34 PM Flag

    LOL! Or look at it this way....we're only ~$1.25/.30 away from testing a ~8 year uptrend line that originates back during the implosion of 2008/9. If that trend-line breaks....well....make sure you have a lot of adult beverages handy (if you're long)? You're gonna need it.

  • Reply to

    It will take a lot of buys to get back to 14

    by jackoftrades1045 Jun 27, 2016 11:38 AM
    highlowsel highlowsel Jun 27, 2016 12:11 PM Flag

    Hmmmm.....let's seeeee....+10B in float. +12% loss in valuation in two sessions time? Wonder how many millions of shares in churn is it gonna take to get back to the even represented by last Thursday? Did Carl Sagan sum it best? "Billions and Billions?" ;-)

  • Reply to

    PM Bid $12.79

    by highlowsel Jun 27, 2016 6:37 AM
    highlowsel highlowsel Jun 27, 2016 11:56 AM Flag

    Got my +10pennies, moved out of the position then blinked and in that time the bid got hammered back down by those same 10 pennies...Master used ~5M shares to boat-anchor the Pooch. So I'm back in again at .27. The bid is being bracketed .25 x .40 so that's the play zone....for now...

  • Reply to

    PM Bid $12.79

    by highlowsel Jun 27, 2016 6:37 AM
    highlowsel highlowsel Jun 27, 2016 11:52 AM Flag

    Profit: I'd like to think you'll do well with those gambits. Just be careful 'cause you're out there playing in heavy traffic right now. For BAC there appears to be a hard stop at $12.40. The machines keep dropping boat-anchors whenever the bid approaches it. And there are similar "book-marks" deployed on all the other equities I'm tracking right now....so its systemic...all a reflection of a game completely dominated if not outright controlled by machines...

  • Reply to

    PM Bid $12.79

    by highlowsel Jun 27, 2016 6:37 AM
    highlowsel highlowsel Jun 27, 2016 11:42 AM Flag

    Ha! That's probably the best move short of just turning all the machinery off? ;-) Anyway...EMEA is now closed...let's see if the American markets can stabilize....on the last dive to the mid-.20's I decided to open a buy side tranche....just to play some kind of EMEA-closed bounce. Not saying that's the best of rationale's....but being down 75 pennies over such a kerfluffle as this qualifies as an extreme overshoot. I'm willing to gamble on it....for today.

  • Reply to

    BAC/Moynihan

    by rloos15 Jun 27, 2016 10:16 AM
    highlowsel highlowsel Jun 27, 2016 10:46 AM Flag

    Ummm.....good point. Nothing like a larger chaotic situation to give one cover does it?

  • Reply to

    PM Bid $12.79

    by highlowsel Jun 27, 2016 6:37 AM
    highlowsel highlowsel Jun 27, 2016 10:43 AM Flag

    Anybody (else) listening to Cameron speak to Parliament? Wouldn't it sometimes be fun to think of our American system so configured? Parliamentary that is. Anyway...his is an interesting speech...and he's leaving all of it on the plate of whoever comes next. He seems to be taking a certain "you asked for it you deal with it" pleasure in it....I expected him to say...in effect..."I ain't gonna trigger the exodus...YOU (the new PM) deal with it."

    File it under the political category of being careful what you wish/legislate for? Heh! Bid $12.35....I almost went long a trade at ~.25...it was certainly close enough to the teens for consideration...but I think I'll just sit and watch a bit before making a play....this thing is still in chaotic flux right now...

  • Reply to

    PM Bid $12.79

    by highlowsel Jun 27, 2016 6:37 AM
    highlowsel highlowsel Jun 27, 2016 10:27 AM Flag

    Bid $12.26. Well...one thing is clear in all of this. You won't be seeing any new (intra-year) highs in this paper this year...this thing is done....the European nuttiness won't be resolved any time soon...and we're staring down the barrel of the usual election year nuttiness. If you're long now you might as well pack it in you're going to have a very loooooong wait to see any profits. How does....2018 sound?

    Ummm.....this is all must my WAG'ing and opinion.....I very well could be, and hope to be, wrong.

  • Reply to

    PM Bid $12.79

    by highlowsel Jun 27, 2016 6:37 AM
    highlowsel highlowsel Jun 27, 2016 10:23 AM Flag

    What are you going to do? Triage? ;-)

  • Reply to

    HAHAHAHA

    by twain44 Jun 27, 2016 9:48 AM
    highlowsel highlowsel Jun 27, 2016 10:22 AM Flag

    Absurdity of the trade? Yeah....Like Marlon Brando playing Mark Antony in Shakespears Julius Ceasar? I just happened to catch in during a week-end rambling through media and such (heh). If so one can only hope the market acts accordingly....his performance...if you can get around his persona....it wasn't a bad one....it ended up getting good reviews. One can hope this absurdity will all turn out as well?

    But meanwhile...bid $12.25.

  • Reply to

    PM Bid $12.79

    by highlowsel Jun 27, 2016 6:37 AM
    highlowsel highlowsel Jun 27, 2016 10:16 AM Flag

    12% down in two sessions time. And here I thought the year starting slide was impressive. I had no idea....bid now $12.28. It's going for the $12.teens...

  • Reply to

    PM Bid $12.79

    by highlowsel Jun 27, 2016 6:37 AM
    highlowsel highlowsel Jun 27, 2016 10:11 AM Flag

    Bid $12.27. You know I was only (half) kidding about the $12.teens getting hit today, or by Wednesday at the latest. Oh the carnage. Reminds me of late 2008 into early 2009...only compressed....

  • Reply to

    HAHAHAHA

    by twain44 Jun 27, 2016 9:48 AM
    highlowsel highlowsel Jun 27, 2016 10:09 AM Flag

    Twain: HA! I think you might be right....bid just broke (down) .30....Dow now off over 220pts. Not to mix cultural metaphors but oh how the media are shrieking in proverbial Greek Chorus, eh? Hmmmm....come to think of it...wonder if some enterprising young artist is attempting to merge Kabuki/Kyogen with Greek choral theater? Hmmmmm....man...what a cacophony that could be, eh? ;-)

  • Reply to

    PM Bid $12.79

    by highlowsel Jun 27, 2016 6:37 AM
    highlowsel highlowsel Jun 27, 2016 10:05 AM Flag

    By the way....these sorts of things....both positive and negative...tend to operate in 3's. Don't ask me why...it's more an observation I've developed from experience....today is day 2. We have one more day of this sort of thing before any thoughts of truly playing the long game should be considered....

  • Reply to

    PM Bid $12.79

    by highlowsel Jun 27, 2016 6:37 AM
    highlowsel highlowsel Jun 27, 2016 10:03 AM Flag

    Yeah....to the extent this whole thing isn't Kabuki theater I'd say there's a whole re-ordering of things on the global economic scene. What does it mean to be a large global bank in the face of a fractured global system? Personally I think this Brit exit "thang" is merely a kerfluffle....a back step in the Texas two-step dance of inevitable global integration of systems, governments and all that sort of stuff. But since humans are regional, parochial animals by nature this sort of dance wont be an easy one to master.....there will be stutter steps along the way. Welcome to a stutter....

    Meanwhile....we had the yank to .30...the bounce to ~.43...then a p/b to .37. Let's see how much downside energy Master has left for the day....

  • Reply to

    HAHAHAHA

    by twain44 Jun 27, 2016 9:48 AM
    highlowsel highlowsel Jun 27, 2016 9:57 AM Flag

    Kabuki theater at its finest.

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