Down it goes again. No doubt no one wants to get caught with their pants down so more come out with negative comments. Same comments everyone sharing but each time it goes lower. Some times one wonders if there is a little collusion.
I wish this was correct but they are justifying the company they sold the shares for. I thought that I had a bargain at 34. Wrong! In the drug business this is a serious setback.
JPM now saying that BABA investments MAY pressure margins in FY 2016! Didn't say that they would but MAY. Capital emphasis mine. BABA going lower today. JPM short.
Reality is sinking in. Wall street not buying the dips. They are remaining short. Now you have the JPMorgans that the USA taxpayers and middle class bailed out for stealing from them moving parts of their businesses to Luxembourg. Now isn't that a treat.
Of course I do not know. I do not even own it. Yes i am watching because it is beaten down so badly. This is what I find interesting. One gentleman shares that he bought MU but it has been knocked down. He shares that unfortunately he THINKS that INTC and SNDK are the winners as INTC doing more. Another gentleman shares that INTC and MU are not in competition. MU will be supplying INTC with a newer, bigger chip. Has the one gentleman done more due diligence or is his information just hearsay. Difficult to get real facts.
That bubble is long past, more than a decade. The new bubble comes with new stocks. This bubble that we are in is not with MSFT, JDSU, QCOM, MU, etc.
The buyers have left the room. The chatter regarding much higher prices is only that, chatter. Folks, not wall street, forget that we have been in a QE bull market for over 6 years. Talking about company going to 150 when those that move the market are not buying. They are moving the other way. When wall street buys the stock goes up. When wall street sells and shorts the stock goes down. What is BABA and many more stocks doing now? Be careful in this market now.
They have not even released results for this quarter and MU is at a 14 month low. Another reason for stop losses. A stock get's oversold but if wall street doesn't cover then they get much more oversold and continue to fall like MU has. All those folks that bought at 35, 36 will need a 50% gain to get even. Do not want to be the bearer of bad news but it is not going to happen. Wall street has played this to perfection. Upgrades and price targets inflated to get folks to buy their stock and then of course they short . Irony is they borrow the shares they just sold to you.
We are beginning to see nice selling at the end of the day. Beginning to look more and more like the correction has started. Small moves up and then consistent selling with little wiggles and then a more concerted drop at the end of the day. Continued lower lows and lower highs.
Wall street! Interesting that they are short. Wonder why they would say to buy when they are shorting?
Nice moving downtrend. Quick run up so folks think trend is changing only to take it lower. Still in downtrend.
Today should be interesting and may give some indication to whether the trend continues or not.
Just continues moving down. Called wall street garage sell. If you offer lower prices they come down.
I'm still waiting to purchase. Have to admit that the market is becoming much more risky. USA becoming much more risky. Jeb Bush and Hillary Clinton will probably be running for president. Does not matter who wins it is going to be a losing situation for the country. MU is not a buy now and may not be a buy in the future. MU presented at a conference recently and we continue to receive negative reports. Certainly not looking positive for the stock price. Will know more in another week after 4PM.
Wall street is going to move it lower. How low it goes will be decided by wall street. Wait until they decide before purchasing. Market is trending down as wall street is shorting many more stocks.
Can't see that happening. With the Greek news of no deal maybe a gap and trap!
It appears they still have lots of clients shares to sell to continue covering. Nice continued refreshing on the offer so as not to move down too quickly. It has stayed in a nice trading range neat 52 week low for shorts to cover. It has traded as expected the last four days without the bounce to 75 that many thought would happen.
Many think WMT will go back up next week. We will have to wait and see as the market is beginning to look like it could drop significantly next week. Seeing a lot of stocks open up only to close much lower. Will be interesting to see if we have a selloff at the end of today. Consumer sentiment was up this morning yet you have WMT, BABA, TGT, COST, etc. moving lower. Maybe wall street is only taking partial profits on their shorts and will short again next week. We have become very complacent that wall street will buy the dip. This is how they will exacerbate the drop when many don't sell for a loss thinking the dip will be bought. After it falls more fear sets and selling really gets going. They don't cover then. They short even more and you have some exceptionally big down days resulting in a big decline. I do not know if it starts next week or not but it is coming.
Is bankruptcy close? Haven't had earning yet. Price lowered to 32 so down to another 52 week low at 24+.
Many now wishing that they would have taken their loss when it first went under 30. If only Jimmy would not have said too low to sell. You knew it was going lower then.