They beat and guided in line. They are conservative on estimates and will beat again next quarter. This is not to say that wall street will not move it lower before they move it back up but it is still growing.
They continue to come out with negative news for MU. So ironic. Company after company missing earnings and the analyst's say to buy and the stock goes back up. This company doesn't miss earnings and it keeps going down. Wonder why? LOL
If it is just wall street making another billion shorting WMT we are fine. I think that is how the FED looks at it. That is why they let Bernie do it for so long.
Usually when MU moves likes it has so far today it continues this downward trend in the afternoon. If you are thinking of going long be careful.
Close the hatches on the way down. Covering here at 76.52. I can't make 4% at a financial institution in a year but this is gong to be common place in a day shorting. The market has for the most part went straight up for 6 years. Going to see much more of this. This will probably go lower but I will gladly take this gain and take the rest of the day off.
Definitely a big down day for WMT. Wall street short this stock so is going to be down big even if it only missed by 2 cents. Made billions. What is ironic is that we are talking 1.05 to 1.03. It is not .18 to .20. Wall street short a lot more stocks now taking them for big drops.
This is not going up quick enough for a short squeeze. Do think they are covering and moving on to another overpriced stock much higher than DDD. They are not going to piddle around for 3 or 4 points when they have made 30 - 40 points. They are moving on to bigger fish. This move up is really fairly orderly.
This seems a little much in this bull market but maybe this is the beginning of some correction. Wall street has been making a lot more money on the short side while still having market make over all new highs.
Obviously it went lower. This was bad and with the inventory hang usually that means earnings not going to be that good next quarter. A number of downgrades this morning. Thinking that it goes lower but wall street wags the tail. Did read Jimmy touting that one should pick up shares on the cheap. Will not hear him. Refuse to watch CNBC anymore as long as he is on the air. An old fashion tonic water salesman with the exception that you can not do anything to stop him. He talks about how his firm manipulated the market and got away with it. Put him on a comedy show but do not put him on a program that is to bring honest advice. Sick how folks like Jimmy, Hillary, Bill, etc. make millions because they do unscrupulous things. Be careful out their folks as there will be consequences for this behaviour. The even sadder result is that you will probably pay for it, not them.
Very nice volume both days. Shorts ran thru stops Friday morning then began covering. Orderly covering both days. Sellers somewhat exhausted so had a little better move up yesterday. Will be interesting to see what happens today.
Not only missed earnings, missed revenues and margins lower but inventory much higher. Looks like it goes into the 35's and maybe lower. This is not what Jimmy was telling us. When he threw the pitch out did the catcher throw it back and ding him in the head.
A lot of folks bought in the 32 - 33 area when analyst's and brokers saying it was going to prices between 42 and 50. And of course there was no doubt about it. Market making all time highs again and wall street isn't done covering their MU shorts they sold to folks when they told them to buy. I bought some MU this morning as the buying really picked up. Volume is much lighter now. Have some to play with now so hopefully I will not get wiggled out. Looking for higher prices in MU tomorrow. We will see.
Last year when this jumped from 78 to 123 folks are thinking that this is ridiculous. OF course it sold off nicely as wall street took profits and went short. They covered, went long and ran it all the way to nearly 160. They have since sold a very overpriced stock. The went short again and look out below. So many retail investors getting hurt. We have not even seen a pull back in the market yet. Obviously the government can keep this scam of printing money so the Clinton's can keep making millions and be in the upper 1%. Humpty Dumpty is going to have a big fall one of the days and it is not going to be pretty. Be careful out there.