What is your thought on the Jan 2017 20's selling for round about $1.80? Am pondering. Have been pondering for a while and have not pulled the trigger.
Will be interesting to see what happens. Dip makes some sense but there are a lot of companies reporting in early Jan. Could be good or bad depending on earning.
I will likely just let it ride. If it hits 39, I can let the shares go and just take some profits, need to do so anyway but have been needing to for quite a while and keep putting it off. This is also my way of taunting karma to make me look foolish by running it past 39. I suspect that this will not go into the 40's as that move would actually change my life and allow me to take a year or so off.
I agree. Supply demand. If 97% is locked down in the institutional vault and a bunch of people come along and want to buy a lot of shares, price goes up more. I don't think it's rocket science. Now there is probably a little more to it in the real world. Now you could have a situation where some big player would want in but looks at it and sees that the supply of shares available at a reasonable price is not enough to move the needle. Like buffet can't really play much in small caps, it is just not enough money to move the needle even if it goes well. But that aside, supply/demand balance moves the price.
Mu is just not that easy. Puts you through the ringer much more than this on it's way to 40, if it does even get there. If it does, be sure to know that there will be a rollercoaster ride of epic proportions before it does. Mu going up as market goes up. When market turns expect mu to do so as well. Let the fun season begin. Good luck to all. Even the grinchy shorts.
Sold some covered calls for Jan 17, $39 strike. Afer quite a rollercoaster ride, I am now in the money by a few dollars, nothing to write home about. Sold at .32 cents. Pondering whether to take that off the table essentially even, or let it ride and see if it expries worthless. Any thoughts either way?
Lucy will play her games. All of this is just chatter leading to earnings. Numbers and outlook will pick the direction. That is not to say something odd and unexplainable won't happen around earnings but ultimately share price will follow earnings and outlook. Nice to be up though. That sub 33 move was a gut punch.
My guess is that there are a lot of shares waiting to be sold then. Likely will take some of the wind out of the sails if there is good news.
Welcome to the Micron mud bogg. Not sure when they can drag themselves out. For longer term holders, $34.80 ain't too shabby. Shorter term, just stuck in the mud.
I would have to assume that a div cut is baked in, I guess there would be an issue of how much of a cut or cut to zero. I have been pondering cvx for the oil recovery that will come at some point. Got in and out for a quick trade for a small profit. Was hoping they would fall into the low 100's or high 90's but they seem to be holding up the past couple days. Had not thought about drillers yet but man did they get hit with a bat.
Nope, just another set up to pull away the football. I would like to know your thoughts on RIG a little further. Other than oil is down, the stock is down-- oil will not be down forever and since RIG is related to oil, it will recover. That could be said of all the oil patch. Why RIG above others?
Several folks are watching/trading stocks in common is part of it. Pretty easy to just not read them if you wish. I appreciate the overlap at times. At least it is about trying to make money. I will take in a heartbeat over the political #$%$ on other boards.
I sold a small postion I had at 34.31 that I bought while the knife was falling recently, happy to see the trade get in the green. Hopefully it keeps going up and makes the sale look foolish. I know Mu is always volitile but it seems there is always a big unexplained dip around earnings. It happened in the 20's and low 30's, and now we had that dip from the mid 30's back to sub 33. not to mention the dip into the 20's on the Micro chip/samsung is building a plant issue. Hopefully this is more of the same and we see some good earnings and good outlook and more upside. It is just kind of scary as the dips are far and fast. When the ride is really over I suspect it will be hard to differentiate the end from one of those big gut punch dips that it has recovered from. It is nice to see this getting some legs back. Highlow, you have my permission to move this back into the 36-37 range. This would be much appreciated.
I have not crunched anything to the penny but they gave enough guidence last time that analysts who do some work should be pretty close. As such, in general terms, earnings should be good but shouldn't beat by much because they will likely be pretty much per their guidence. And they were alot more forthcoming with guidence last time than usual. They didn't give numbers on earnings but they gave pretty good pricing and bit growth estimates. I suspect their won't be much of a beat as they likely had pretty good visibility as part of the quarter was already in the bag and they know what the contract pricing is and that takes care of most of their output. Big deal will be outlook in some key areas- Anymore money going to return shareholder value- likely not much here, they already are doing the buyback so I can't see much other than any progress on the convertable front. 2. Pricing/supply/demand outlook- seems like things should be stable to good. Progress in tech migrations on several fronts- dram, nand (both the mlc/tlc issue as well as any more information on 3d- hopefully things going well. Need to hear about progress with SSD's. Would also be nice to hear that they are doing well on emerging memory tech- specifically, what comes after dram. All in all, I see them having had a good workman like quarter but not blowing any doors off. They will make a generally positive statement regarding supply/demand balance going forward. Will say they are making progress on tech isssue. All good but generally what is expected. Not looking for any surprises. No idea how share price reacts.
Yes, i am happy to be up today but that can change second to second. There really hasn't been much of a short squeeze from the teens to the mid thirties. I doubt this .60 er .25 er .58 cents is going to put any shorts over the edge. That said, I hope you are right and your price targets are spot on. That would make a happy new year for me.
I agree that there is hopefully more upside coming in the future. Just how much, when and why are all up for grabs. Anyone thinking they can buy Mu before earnings and then sell the next day and make easy money may get hurt. If I were a chart oriented person it would be interesting to look at the moves around earnings going back 2 years and see if there is any trend or consistancy. I just seem to have disappointment as a reaction burned into my pshche around earnings.
Do what you will but I would caution against any large short term plays with Mu around earnings. You are likely better off picking red or black and the roulette table and doubling down if you lose the first. Mu's moves around earnings have a distinct lack of sanity. It is simply a crapshoot and you are likely better off just shooting craps. Especially if you are planning on a quick turnaround.