This is not the result of weenie sanctions. It is all about imbalance in oil supply/demand. If due to Asia/Europe Econ weakness it will bite us too.
do you feel like suckers. A whole flock of newbies goes through this process every two years. You have been reamed. Move on. The SEC is busy looking for high paying jobs in the brokerage industry. There is no one to arrest these crooks. That's the way it is.
When you hear that the reason a person is retiring/resigning or being indicted or accused of unspeakable crimes against children/elderly there are certain key words that mean the person has been fired/ sued, or has been caught and the details will come later. The most telling KEY WORDS are " to spend more time with his/her family OR. " I have to get back to work for the American people".
In spite of a wed. in which the volume in FCVA was over 50 times the norm, there is once again,no explanation and no news. The company's own website has the latest news dated the July release of 2nd Q Earnings, even though they released to other sources their 3rd Q earnings report. Guess they forgot to tell themselves. Who is running this very strange somewhat public company?
Great but it voids itself for a dozen reasons. I have had some here on ignore only to have their posts reappear in a few weeks for no apparent reason. IV had some on ignore multiple times. And you can't ignore the multiple personalities posting with different names. Go to another board. Much less junk in several.
Ignorance is a broad category. When you flip options the same day your cost is covered by your sale so you are not out of pocket. Get it?
Why are you angry at him. You should realize that a majority of your fellow citizens put him in this highest executive office in the land twice when he had no prior executive experience of any kind. What did you/ they expect would happen? It is a miracle that we are still semi-comatose to witness this unraveling.
Director Robert Bailey filed his prearranged sales for the next year. He intends to sell 48000 shares over the next 12 months. Do some DD before you panic when he actually sells. He exercises around 12,000 option granted shares a year. He also buys occasionally in the open market. In 2013 he also filed a prearranged plan for 48000 shares. Some of those sales went for $7-$8 per share. What does that tell you? If you panicked based on those sales--------you lost the $20 more you would have now.
I agree that the sidelines is the only safe place or at least lowering your risk by liquidating or lowering exposure. Many strong performers including MU are caught in this downdraft and betting where and when it will bottom is foolish. Smart traders and even some hedge funds are now getting hit. A very dangerous market to make a large bet in. IMHO.
Dave, I know you are a loyal believer in the future of this company. You are right about their fortress balance sheet and interesting potential. I have been in long before they won the Apple job and have made some money swing trading but my long term holdings have had only modest success. At one time I owned over 20k shares but I did sell 90 percent of my shares at 28 and change. My knowledge of managements greed was gained over a long period and I have seen true believers end up very disappointed . Every time they rose above 30 on new products they lost when competition quickly caught up. Still is an interesting gamble for more risk tolerant investors. By the way, being big boys and girls and adults is nice. I am a great grandfather and retired 15 years ago on my investing gains. My age does not mean I can't be wrong. My opinion is worth no more than yours.
there is an interesting piece in the Yahoo headlines on MU today. It speakers of the various current support levels existing now as well as the current points of T/A measurement on MU today and he appears to be an expert. I do not disregard this as part of an investment plan. My concern is placing more value on this than it deserves. Those support levels are the "current" levels as the former levels are changing almost daily. He admits short term traders have been punished whether they are T/A advocates or not. What do our resident experts think of his piece?
Hong and management will never let their personal ATM be sold. The offer was a rescindable query maybe serious, maybe contrived. I said as much earlier and was attacked. I am a long that has been in this for years waiting for them to finally do something for long suffering owners. Looks very suspect today.
Good for you. An actual honest poster on this board full of experts and wanna be's . This is a very dangerous market to think your T/a or other strategys will work. The smartest two guys here are you and Vincent who posted days ago he wa getting out. MU will be among the survivors if we have a real correction but it is best not to try and pick the bottom.
I recall you saying you are out a few days ago, hope you still are. This is a very dangerous market to be trying T/A, charting or trading in general. Some of our experts here are getting a lesson. I kept a few hundred shares to watch and left at 34.20. Seventy five percent in T Bills until this shows its color.
I agree. Being stuck on any one concept or time frame is worthless. Now as for your thought that the volume of Dram sold is not important to MU, says a lot. I have made some good money listening to Russ in past years. He had the right idea about the Dram content in the I6. Where he got it wrong this time was underestimating the volume of I6 one dram phones. As to the 80.s investment tactics being obsolete, some probably are. How about the 60s, I was starting my education then.
No. What I said was the analysis of the MU financials by most analysts we have access to is sophomoric. They are apparently not heavy hitters or we would be paying to hear their views.