I'm thinking we could go lower if "brexit crash" continues. However, this stock has quick double written all over it. I'm long and adding into earnings if we go as low as 11.60.
I would not wait for 10 because it is very unlikely. For a company the size of MU, a debt offering for acquisition can be positive for the stock price. You will understand in several months LOL
LOL... you should not speak the truth on message boards. In predictable fashion, if you disagree with Barack you are called a racist pig. Unbelievable the mentality of SOME of the Dems. It is a sad time for our country but King Obama's reign is almost over. I do like MU long term and no one knows where it goes into earnings. It could POTENTIALLY move in either direction... LOL
LOL!!! let go of this pig... or let go of your cash. Easy choice imo... LMAO
It is tempting to trade this stock but I am sticking to my cover strategy at $62.
I thought so too. Market keeps going sideways and MU keeps rocketing up on high volume. If it holds above 13 today, I am jumping in long. Great momentum!!
I agree the broader market is moving nflx more than nflx is moving nflx. i also know this stock will be one of the best shorts when the market melts.
LOL... you are too much sybs. We are not even back to pre-earnings meltdown and longs are cheerleading like they made lots of cash... lol. I like your 104 top made when it was at 98.... sweet.
Sibz, i am too impressed by your call for 104 high a couple days ago. It hit it on the number and I shorted more at 103.10. Scary how good your predictions are.... rise slowly... fall hard!!
You have to be careful shorting and over extending. I never short more than 20% of my holdings and rarely go into margin. This stock will rise slowly and give it all back in 10 minutes. you have to be in a position to continue shorting on the way up.
I thought you just shorted more??
congrats Sybs!! I shorted at 97.60 yesterday. Wish I would have been more disciplined like you and incrementally shorted.
I'm in. Just shorted at 97.60. Thanks Sybs... hope you are right again.
I think this is a good strategy. However, I do not believe it gets by $98. I closed long position and shorted at 94.90 today. I plan to triple short position at $98 and will cover at 112 or 62... whichever comes first. Best of luck to you Sybil... you have had some good predictions on this MB! Thanks!!
That is a smart move. Showing weakness here. Good luck
It is topping off the dead cat bounce. I had hoped for a bounce to high 90s before it started back down again but closing high on low volume the past few days is a clear flag the sellers are about to take over.