It doesn't. The only thing I can theorize is that the run up of MU was too much, too fast, and now it is being attacked by huge short sellers. This has f---ked everyone, and it looks like it is just going down.
And then we sit here like fools, waiting for this 'prize' to go up? These are professional, large short sellers. I would tend to think they know better than we do. This does not bode well. $16.57??????
Manipulation. The big forces don't want the $17 calls to be exercised. I'm really sick of this. Every week we have options on this stock, and this kind of computerized manipulation is on full tilt. We can't even get to 17 any more. Your take?
This is ridiculous. Samsung reports increased smartphone and chip demand, which is the opposite of news in the last week, and MU is being pushed down by manipulation.
What are we to believe? Slowing global mobile chip demand; increased global mobile chip demand. It's like a game.
And who takes YOU seriously, Fart Face, name-caller? You're so ignorant that you don't even know what shorting does. It RAISES the price, fool, because shorts increase the number of buyers, thus raising the price. "Asians sensitive to being insulted." What a crock! What a senseless comment about what MU revealed about Elpida. Show your ignorance. I want others to know the junk you post is not worth reading.
Good thesis. You can't trust the sneaks at MU. If there were any doubt, this earnings report should make that very clear. But the blind will continue to babble their nonsense about how high this is going, as it descends lower and lower.
I agree, And charting is a self-fulfilling prophecy. The lower this stock goes, the more that trading will go accordingly, and drive this down until there is a serious problem, which we are right on the brink of.
You may not like Seamaster, and I can understand why. However, he is right on this. I also agree asians can't be trusted, but there is NO PROOF of the garbage I keep reading here and elsewhere. HYNIX did not have the degree of damage that many on this forum insist they do. PROVE ME WRONG - SHOW THE PROOF OR SHUT UP.
This has been hyped and twisted to the point that it is clear to me this was a concerted effort by the media and planted posters, or those who are so gullible they believe all the garbage they read on this, and then proclaim it over and over again.
Look at how terrible this is trading. Looking back, it has been effectively a SHORT for at least a week or two. If you can't see that in a simple chart, then give up stock trading altogether.
I'm tired of being told what a great trade this is. READ THE TAPE - IT DOESN'T LIE. LISTEN to what chip mfr. after chip mfr., and semi mfr. after semi mfr. is telling you in their conference calls. ALTR, BRCM, JNPR, TXN, EMC, FIO, TQNT - the list doesn't end. And the majority on this board think this is a $40 stock? Get a reality check, because you are way off. Perhaps, and that is not certain, if things go better late this year or first 3 months of 2014, perhaps MU will go up. But even IF this happens, forget your $40, $30, even $25 targets.
Your enthusiasm is basically on a wing and a prayer, and the market is telling you, but you won't listen.
Again goes back to demand. If there is a serious global demand slowdown, Elpida, Hynix -- none of this matters. You need buyers for anything. The third world is making their own chips - to hell with MU, SNDK, ARMH, etc. Read what ARMH says about demand. And this is the sacred darling of chips for many.
BUT - slowdown in global demand. That's the problem all the semi''s reported. You can be the onl source there is; if the demand is not there, nobody to buy. Result? Price plummets.
You may have made the right decision. After all the negative reports from so many chip mfrs. on Tuesday, I have no idea of where this stock is going. Elpida, blah, balh --- it all means NOTHING if the global demand is not there. My fear is MU going down to $14, 13, 12. I'll be out on the street.
Then tell those who viciously answer any of my posts challengin anything other than MU flying to $40, tell them to stop their behavior, which is FAR more objectionable than mine.
Blank Slate? Hardly. If you think that, you're very misguided.
Global slowdown in smartphone demand. Look at comments from ARMH, BRCM, TXN and others I can't think of. Yesterday's glory is today's garbage in the tech sector.
And, if this sacred cow stated this, I wouldn't be so bullish on QCOM. Need I point is 2 dollars short of its 52 week high. I don't think it is a buy at all now.
I hate to, but I have to agree with you. I thought from the very beginning that, despite the constant, relentless hype about Hynix (it's called journalism hype), other material I read described the fire and how minimal it was. I posted about it here, and was attacked by a bunch of attack dogs. Now, the price continues to retreat, only supporting what you & I said. So, pumpers --- you were all full of it, and simply sheeples following the writings of those who were/are ignorant, and/or benefiting from hyping the fire. SIMPLE FACT.
NO comparison between crazy P/E stock of NFLX and MU with a low P/E. NFLX is one of the most extreme examples of a high-flying stock so overpriced, it is hanging on a thread to fall, which it did $40 today after the huge earnings upswing. The smart money knew it was time to take profits and go before it collapsed, which it has started. It may still run for a while, as there are tons of stupid traders out there and greedy ones who want to make money on NFLX.
Cramer has committed illegal and shady acts in his career and even admitted it. I don't trust him. Notice how he has CEO's on the show, ad nauseum, and fawns over them and then raves about the company and the stock. Is this realistic behavior and actions? No. There seem to be connections that benefit him, and that is why he makes proclamations about stocks. I'm not saying on all stocks, but on certain ones - doesn't pass the sniff test.