I see very few stocks go down like this one. Pure and simple. If you don't understand that, then YOU need to find another hobby.
Foolish nonsense. Open your eyes at the stock PLUMMETING, even on an up day like Weds. Use your brain, not your fantasy.
Yes, they can't handle it when the stock goes down large percentages since July 3. I gain nothing, but only lose on my long position and my naked puts, so their worthless garbage that they spew out at me, they can spit it back in their faces. But they think they are experts! But they are simply abusive a---oles. How do you fools explain this drop fools? I'm sure you'll find more baseless excuses and venom to spit at.
Correct. Gap, shnap. Support and Resistance seem along with MACD to be the best indicators of charting. But I agree that charting to some degree can produce a self-fulfilling prophecy, which then appears to be happening because of the supposed accuracy of charting, when it may be enough believe in it to make it happen, though I have my doubts there are that large % of the market that would influence price to follow a chart.
Read Digitimes, which has been misquoted here. 'Vendors" is a word never used in the article.
Here is the whole article:
Supplies of DRAM and NAND flash chips are likely to fall short of demand in the second half of 2014, which will further push up spot and contract quotes of related memory chips in the latter half of the year, according to industry sources.
Spot prices for DDR3 4Gb DRAM stand a chance of rising to US$4.80-5 in the third quarter of 2014 after hitting an 18-month high of US$4.35 in late June, said the sources.
Reduced supplies and unstable yield rates resulted from DRAM chipmakers' efforts to migrate to 20nm processes is one of the main reasons contributing to tight supply at present, the sources noted.
Samsung Electronics is reportedly evaluating the possibility of building a new DRAM chip plant in 2015 to cash in on rising demand, a move which may cause an imbalance between supply and demand, the sources indicated.
Meanwhile, NAND flash suppliers have recently bumped up efforts to maximize profits by adjusting production capacity and have decreased supplies to channel distributors in order to fulfill demand from system OEM customers, according to DRAMeXchange.
Contract prices for NAND Flash chips were up 2-5% in the second half of June, and the prices are expected to continue increasing into the third quarter, DRAMeXchange added.
Rising popularity of cloud computing applications and SSD devices has jacked up demand for NAND flash chips, making NAND flash price increases more apparent in the second half of the year, said the sources.
Hey, biggest loser, read the Digitimes article, you complete blubbering idiot who knows nothing.
Yeah, close your mouth and legs, I can't stand the putrid stench either.
You can NEVER feel confident about a stock, or something like this happens. Sterne-Agee says it doesn't believe Samsung is telling the truth. How could they come to that conclusion? Especially after Samsung reported poorly and produces so many different products, it seems feasible they decided that their semi-conductor space would bring them more income, and push MU down.
I'M P--SED AS HELL!
Old mess, check my posts out before you simply parrot whatever your lying buddies have to say. Shows your intelligence level - ZILCH!
Wouldn't others want to know what type of #@$%^ complete sub-human Woodward is? He should place himself with CigarKing in a pool of their own vomit that they puke out on a daily basis.
This abusive stalker who follow me around and harasses, name-calls, degrades me on a continual basis.
He is one of the sickest individuals yet encountered. Add his sidekicks, Kpwoodward (posting below) Stockgirll, and a host of others that are not fit for humanity.
Click on his name and read his FILTH. See what a psychotic mental case he is.
OUTTED! And I'll out you again, every time I find your of your venmous snake poison.
Could be. The institutions dumped shares at qtr. end. Why? Because they see it as priced to perfection and see no further upside. It's as crystal clear as day. Yesterday it hit another 52-wk high, because it was manipulated to bring maximum profit to the big sellers, who are gone this afternoon. From $34.50 on Tuesday to now $33.72 at 3:44pm.
If its oversold, doesn't common sense tell you that a large number of institutional shares were sold. Then, ask yourself why. Because they wanted to take profit by the new quarter as they are viewing this stock as topped out, and want to get it out of their portfolios.
Further, where are the shorts? Obviously not here now, as they are not buying back their shares, or the price would continue to rise and volume as well.
Those who downthumb this are simply showing how ultimately incompetent and brick-headed they are, so go right ahead and do so. And, identify yourself with a reply, otherwise it shows you have nothing rational to say, but simply press a key to downthumb in your complete ignorance and simplicity.
I take back what I posted below. I think the market's view has changed. There are nothing but highly bullish articles and analyst upgrades, all saying this is going to an upswing from its World Cup domination and the general sentiment, and the summer months of highest profits and sales will further push this up for months.
Now, does that make any sense? They upgrade a stock that traded up to near $80 after reporting to $76? Canaccord's reputation is totally undeserved, and they have with this shown how poor their analyst reports are.