Yes 2 cents was not enough after this run up. Big money was shorting the last hour and a half.
Down big now of course.
Appears that you may get the opportunity as it continues to make lower lows and lower highs. AAPL up and GTAT moving lower. Has seen a fairly significant drop in 2 weeks and it wasn't difficult for them to move it down from 15.65 on an up day today to under 15. Appeared like a little short covering around noon and then when they quit it moved back down. I am waiting to see what it closes at today. Not willing to catch a falling knife. Covered my short and am not willing at this time to short again after a 25% haircut with no real fundamental info. The initial big drop appeared to be a set up. Short the stock and then downgrade. GLTA
Nice gap up and move then easy take down. Good company but the lofty levels made it an easy short for now.
A momentum stock that has been easy to take lower. When the buyers sell and go short it is difficult to see it go up. Now that it is under 15 will see if they cover a bunch.
Will open lower again tomorrow. Folks that know what's going on have been selling and not talking. Others have been saying to buy because it is cheap. Of course it is getting cheaper.
Market needs a little pull back. WFC did not beat so maybe a little pull back before they move it back up. Of course lots of liquidity so maybe the move under 51 is as far down as they take it for now.
Bought at 55.40 and thought that I was getting a bargain. Beat by 10 cents. Thinking we might see a little move up. RONG is the 4 letter word. These folks are doing great work with their cloud so I recon I will be waiting for it to come back. These Indian company is making a lot of money and has no debt. The good friends on wall street must have already been short.
Wall street moves the stock and it has just slowly kept moving up. Think they take it higher into earnings. We will see. It has nothing to do with valuation and more with what wall street seems to be doing.
Has been a nice move for them for a trade. Appears we may see some higher prices with the good volume.
They can keep playing this back and forth for the next few weeks. That move down today had nothing to do with fundamentals. Just like AA today we will find that MU will have great earnings again next quarter.
That sure worked. Looking strong on good volume.
The big money will take companies that are making all kinds of money short while taking others that are making very little up. Will be witnessing a lot more shorting in the market this summer. Folks thinking that MU will see 35 by Friday are mistaken. GLTA
You are correct. Think some shorts got caught yesterday when market down and MU went up. MU can sell all they can produce so Samsung is not going to make any difference to MU. Getting more and more difficult to trade the market as the big money moves stocks which ever direction they want.
Do not see anything that will force the shorts to cover. Look more for NQ to move back down from this 4.65 area. We will see.