any comments on the recent heavy insider selling... and I mean HEAVY from many different insiders during the last run to 17.00? I am a fan but shudder when I see this much insider selling when all is good with trials, results, and investment interest. And I know all the reasons, kids college, not all eggs in one basket, time to get paid having options for a while and need to remodel, etc, etc.
understand that this action is by TRADERS. the funds, i.e. big money will not roll back in even if this goes to 70 this week. There must be a test of the low last week to build confidence for the big guys. the volume, decreasing each day since the selloff tells all, good luck and have fun... I feel we may test 70 this week but fail on a volume breakout and retest 65 and fail. 60 looks like the low this week.
Strong strong move
Bust through, we take out 52 week high and quickly run above 24! I didn't think we would test it today but we already did. We need to push hard as we approach, it's gonna be tough but we can break thru if we get any positive news... More positive that is since most of the news has been positive. On the down side we cannot go thru 22.80! That would be very negative short term. GL
each day has seen lower volume and now today we have higher volume trending to more normal volume. The reversal today in my opinion sets up for a test of the 69-70 range and if we do break thru, then I see some short covering. I still believe that the big boys won't show up again until we test at least 60 and probably 50... but that could be not until a larger market selloff. Good Luck and enjoy trading and investing. If for some reason the market rallies in the last 30 minutes I see us breaking thru todays high and closing in the 68-69 range. A final note, somebody today said that the low today 64 range was an excellent entry point, thus the rally back from the lows.
sorry, there is also a strong pull towards 70 in the options that close out this Friday... should be an interesting next 2 days.
We are about to break thru 10. Investors meeting tomorow, big block trades last few weeks.. all buys, huge news out in June and Blackrock and Endo right there for a back stop, I have no idea why people are selling the 50 60 share blocks when firms are buying 20,000 and 30,000 blocks. Just hang in there it is not time to sell.
Also the SA report just out didn't help.
Still bullish, all is good! But it needs to hold 22 if 22.30 fails, 22.80 is temporary resistance.
Looks like they're trying to shove it down this morning to test support. If it holds 22 it should recover during Santa clause rally and window dressing. Should see 52 week high by end of year and 25 ish prior to earnings
Not good that we broke 22.80 on a big market up day. Not good at all... If we break the 22.28-22.52 range then a big pullback is in store. They are probably just shaking out the weak hands...probably,
Is more of the reason for the sell off. When it is announced the stock will bounce right back, Apple is down big this morning yet I feel that the CM deal is done just delayed to Monday maybe. It makes more sense to be down on this instead of the new plant news.
BS non news event to setup move to 25! I really think this the case. It's years away and will not effect MU earnings for 18 months IF at all. Watch it close near 22.50 today.... Barring any fed news that could effect it.GL
Ya it's the appl news, trading in lock step with them. If the deal fails we will fall further, don't think it in the cards though.
simple, they are offering 22.50 for 51% of the company. If they get it they have control and can work with microsoft directly regarding the nook. Not saying it is worth 22.50,i.e.. the stock not near that price, but they want control.