Certainly a lot of sellers under 85. Think it is a little overdone here at 83.60. We will see.
May go down further before it moves up. Continued refreshing on the offer. Lots of shares for sale. Already traded over 26 million with an hour and 1/2 to go. Definitely weak.
Continuing to make lower highs and lower lows. Close to support at 45. 20 area. Folks have been waiting for the market to move lower for a number of years now. Now folks saying up, up and away. Anticipate more shorting from the big money and a little correction in the market this year. We will see.
Not going to happen. Do not think that we will see bank rates rise as Fed has predicted. They will continue printing money.
Shorts are still in control at present. May change later. When the big buyers became the shorts there is no way you have a big short covering. They will play with their trading millions to cover their shorts. They will not lose big to cover.
He said to buy at 86,.50. His normal course of action is to say buy, buy, buy again. Of course he is eventually correct.
Might be around the time to buy.
7 votes yes/ 15 votes no so far!
Looks like it could be down 10 of 11 trading days. Notice that Goldman's revenue down a little. Means they have not been making quite as much trading. They have had to pay a few more fines for their illegal manipulation. They will need to do even more. Reality is that their fines add up to a very small commission. Day is not over and maybe MU takes off this afternoon. They will decide. I am watching as I sold January 8. In the middle of October it fell to 27 and the fall was precipitous. This fall has been similar so not willing to catch the falling knife. Last time I purchased at 29.50 and was not enjoying watching it fall to 27. Do think it is a great company but the trading being controlled by the big money can make it hazardous for little folk like me. The market will have to tank for this to go back to 16 IMHO.
The shorts are buying. They have a base investment of a short at we will say 34.25. Then they use their trading funds to short more and cover as others sell. Then they short again with the money from covering. They can just stair step it down. They let it move up even a dollar and then move in again. Money makes more money. Be careful as folks continue to think it will always come back. Fed has continued to provide money for this market to continue moving up. It will come to an end. When? They do not even know but it will.
This is a wall street money maker that they move up and down. Does not move based on fundamentals . Moves as the build a base long or short then move it in the direction that they make money.