I take back my optimism. I spent considerable time with a broker who is stellar with charts. He sees this as a flat to declining stock, with a blip up because of the Barron article from Monday, and expects it will not be able to break through resistance at somewhere around 27.41, which it has failed over and over again on 100 day chart. Note today (Tues.) how it sticks around 27.20's to .35. And this is on a somewhat lighter volume day for GT. Profit-taking is still happening, but the big boys can't get the price up as yesterday with the Barron's article (basically a generic article with little substance), which will lose its luster in the next number of days. Also, because of the lower interest today, they can't hike the Ask up enough to get what they did yesterday. My chartist sees this pattern as typical of GT's behavior - go up a few days, then lose and go down.
Take your foolish scare tactics somewhere else. Or, are you waiting to cover shorts and getting worried?
There is a lawsuit already representing the FIO shareholders for lack of fiduciary responsibility, as the stock was up to almost $16, and it is usual for a buyout to be over the present selling price, and closer to or above the highs within a time period to be argued by the lawyers in court. So, the next reaction in the market and in MU, one can only guess at.
Official close is 31.91. However, it broke through 32 to 32.19 high, which is great. I just hope it keeps increasing. SNDK's acquisition of FIO has me a bit worried, as the perception MIGHT be it is the better choice, though I haven't read anything about FIO increasing NAND production. And fools out there paid more for FIO than what SNDK is paying FIO, which is crazy.
There were issues with the last quarter report. That's why it went down shortly after. X had to foam at the mouth about seeing reduced steel demand through the year. That's what transformed it into a short almost immediately. However, it does not seem the market all agrees, as it has lost, but found support (hopefully) and perhaps will at least go sideways until this f---d up Admins. & big O are forced to allow the Keystone Pipeline and clean coal, or, more importantly, are kicked out of office. Repubs or Tea Party - I'll take either 100 times over the rotten filth bags in control. Now, because of O's weak will and worship of Islamic terrorists, we'll screw up the Iran situation and end up with a super-global mess that will destroy us and the market.
STEEL, I don't know what to believe as I'm new to this board, and frankly don't even want to read all this silly junk that is posted here.
When you say SI paid posters, do you mean SA?
But, why put all your energy and time into them? I'm sure if more people seriously discussed what's happening with X and steel, there would be more posts and answers, and the board would go somewhere. It can't any worse.
What critical thinking? I don't see any on this board. Just useless sparring between two or three clowns on this board. Other than that, there are hardly any postings, and this is a major stock. Pathetic.
UPDATE: Friday's close 74,.62? This is ridiculous. Games are being played with this stock. Look at how it plunged from 6/10 to 6/11 and further plunged on 6/13.
Does ANYONE on this board care? Apparently not other than two fools who attack and spar back and forth in meaningless chatter.
And, look now on July 13. It plunged on open to 73.14, now is at 74.00. This looks terrible. What is it with this stock?
ART CASHIN: Iraq uprising is "quite dangerous"
As violence and regional tensions in Iraq mount, the situation remains "quite dangerous" for the markets, veteran trader Art Cashin told CNBC on Thursday.
"The Iraq situation is beginning to spill out," Cashin said. "You're seeing a little bit of a minor flight to safety. You're seeing it in gold. You're seeing it in Treasury bonds. People are beginning to wake up."
Investors must watch oil prices—which soared after Iraqi rebels took control of two northern cities in the oil-rich country—as a barometer going forward, he said. The rising price of oil and concerns over Iraq took a toll on the transportation sector on Thursday, Cashin added.
Read MoreUS oil skyrockets on Iraq, ends at 2014 high
Cashin also has some nontraditional advice for Friday.
"Bring your rabbit's foot tomorrow, and make sure things stay in order," said Cashin, UBS' director of floor operations at NYSE. "Another part of the folklore—tomorrow traders will be facing a full moon on a Friday the 13th. They're reasonably rare."
I'm not a Cramer fan, but here is what he posted, and he is not alone.
Cramer has expressed concerns about the market for a while. He's advocated watching developments as well as price action very closely. But now, he says, if you haven't already, it's time to act.
"If you have big profits, ring the register," Cramer said. "If you're already in cash, sit tight."
Largely the "Mad Money" host is very worried about sudden developments out of Iraq, with militants seizing control of major cities, some of which are in important oil producing regions.
Jim Cramer on Mad Money.
Adam Jeffery | CNBC
Jim Cramer on Mad Money.
President Obama said on Thursday that he was watching the rapid developments with "a lot of concern," and that the United States stood ready to provide increased help to the Iraqi government, though he did not specify what kind.
"So what will it be? Airstrikes? Drones? Soldiers? Boots back on the ground in Iraq? That's uncertainty writ large. And if the market hates anything it's uncertainty," said Jim Cramer.
These developments change the game.
"Wall Street knows all too well that not one, but two bear markets were brought on by Iraq," Cramer added. "Saddam's invasion of Kuwait in 1990 and our 2003 invasion of Iraq itself caused tremendous weakness in markets."
And because the stock market is a predictive mechanism, Cramer says, the declines began long before any meaningful action was taken by our government.
Therefore, Cramer feels that it's only prudent to at least consider the possibility that markets may be in for some rough sledding.
Continue to show your true, ugly and nasty colors to everyone. I will, for the most part, ignore your nasty postings, so instead of you trying to yank my chain, you'll get no fulfillment from your trash posts.
Basing MU's increase on the paltry 300M increase INTC is "claiming", is foolhardy and not worth discussing. It will blow over in a couple of days, or be shot down by analysts and others. INTC seems to have made a career with lies and half-truths.
Right. And that's what the Fast Money guy said. $300M? Wow, what an impressive number for a company dealing with reporting figures in the billions - NOT!
Pretty ignorant politically, aren't you? Iraq is a pretty intense and dangerous situation, and we're not dealing with Putin; we're dealing with Islamic maniacs ready to bomb themselves and everyone else for Jihad's fulfillment.