Compared to prior day of 106 m., yes, but that was an extreme number. For much of the last several weeks, the 10-day average vol. was 38M, and is now 47M. Thanks for your sympathy. I had no concept whatsoever the stock would go up so high so quickly, and now drop, so I acted upon its strong up momentum, and sold Puts. I think that was indicated at the time. Selling Calls is generally bearish.
A pullback? What do you call 10% down in 3 days? And this won't stop on Friday - it will get worse.
You wrote this before the day's huge plunge really went into force. Up today? Hardly. Down another .20 after being down the day before as much as 9.5% or more.
You're wrong. The stock was 23.67 several days ago. Closing at 21.62 is $2 lower, and percentage wise the drop in ONE day, was as high as 10%. That's nothing to worry about? Let's get real here.
Well, your thesis was shot to h-ll today, wasn't it? The volume was not low by the end of the day, and this action for 3 days is putting me into bankruptcy.
Yes, incredible what these institutions & funds have done. They had this all planned out. They want out before 12/31, because the cache of MU is not there for the general market any longer. I just can't believe this.
To me, that is the only explanation here. I have so much MU, I was in a call yesterday, and would have been in another one today, if I hadn't Bought to Cover some of my Puts. I have Puts because I expected this stock to continue to go up. Now I'm screwed. Thanks, dirty hands that own MU. You've done this to us all, and had it all planned out. What a fool I was not to sell all my shares at the height. At least I could then afford to be assigned some of the Puts I have left. This is a complete disaster.
What bull. "Massive traction" ? I don't think so. What figures did you read and what conference call did you carefully comb through? You're way off in your thinking.
No. Articles say they have much competition in this space, and don't have any advantage, indeed a disadvantage, to the other players in this space.
The odd thing is that basically this same information was available I believe on Tuesday already. What the @$#%? This stock shows huge manipulation, or this would have been up over 24 on Weds by end of day, would be my guess.
This is good news. Perhaps it will overcome the strong manipulation and stupidity of the non-institutional traders who sold this off today, FOR NO REASON other than a plant that will be built and functioning more than a year away!
Absolutely agree. I just cannot understand how dumb this market is. Opening in 2015 - what the h--l does that have to do with MU"s value for over another year? This should have been but a blip during the day, and then anyone with half a brain would have filed it away, and this should have gone up considerably by during and after Bernanke's Press Conference, just as most every other stock did. But , NO. And even some minor pullback in afterhours, as it MU was now poison. I am sickened over this, and worried, and it makes my original thesis that major manipulation goes on in this stock, by the institutions/funds who own 90% of it.
Here it has been 4 days since I posted the above. I'm putting this way up here because I want to address the way this post has been responded to. What the heck do I get only ONE thumbs up and THREE down? Simply from people who don't like me? When I posted negative on MU, I was clobbered by every SOB imaginable. Now, when I'm defending against Cramer, of all people, and his negativity on MU, why am I not getting 15, 20 thumbs up? Looking through the replies, those who criticized Cramer got 3 & 10 thumbs up.
It isn't that I don't think there are no replies of value here, but where are the tech heads who post about what the charts, etc. say? All gone from this post. Citrusnow_1 is one of the few who says something with some meat on it. I know my post involves Cramer, but the real importance here is his 360 degree turnaround and the ridiculousness of it, and how to evaluate where this stock is going.
I don't know what to think about this stock anymore. Every theory, every bit of knowledge I have, and this is what you get with MU. I didn't want to take profits on my many shares this year, and despite the bullishness that I want to believe in, I am fearful of what is going to happen this week, then next week with earnings, and then with the Jan. FOMC meeting.
Here's your answer: Priceline was 602 on 12/26/2012. Went to a high of 1192 on 11/29/2013. It has since only had a normal small fluctuation, today closing at 1171. So, your "lets not forget Priceline" is completely wrong. It still shows no signs of weakening.
Also, you can't compare a tech stock to Priceline; that's ridiculous. It is standard for the tech sector to have very high P/E's, and MU's P/E is low. And, to compare a $16-$23 stock to a near $1200 stock? I don't think so. Your whole comparison is faulty in every way and totally invalid.
Priceline went up a stupendous amount more than MU did. I'll look into the actual percentage figures. They were absurdly high. Not comparable to MU's.
It was Carter Worth that said that. I believe Mike Koew then looked at the chart differently and sees it continuing, because he mentioned Jan. 26 Calls.