I do think that is what they want others to think. They scare folks out of their shares and cover theirs shorts. They then accumulate. There was more good news again out for MU before 9:30AM that was fact not a "could" happen scenario. Yet they took MU straight down. I agree with you that this was planned. It is a very manipulated market that they do exactly what you are sharing. Collusion for guaranteed results.
Thinking there has been a lot of short covering here as they cover with clients shares they are selling. Might be a little move up when they are done.
And of course the significant word is "could"! Pure manipulation to validate their manipulation of the trade. This is wall street and the SEC is not going to change so attempt to trade how the big players are trading not how you think it should trade. GLTA
I certainly do not have the answers. Why has this had so many upgrades and so much positive references and is in a trading range? Had great earnings, raised guidance, market has made new record highs since yet MU is range bound. Millions of shares traded every day and some folks making a lot and others losing. Some days the big money decides to buy FB and sell or short MU. Some days the opposite. The only real reason I know is so they can make money.
Big money just trading this stock. It had another upgrade and then a higher price target of 47 but the money that moves MU is short right now. There are a lot of investors in the stock but they are not buying or selling. That said there may be a few longs that are getting scared and are selling the beginning of September. These brokerages have billions to trade. That is how they make over 100 million dollars a day moving stocks. They win and we hopefully follow what they do and get a few scraps.
What is a moron? Is that an individual who makes money trading rather than investing?
The heavy trading folks are not imbecile's. They are the folks making money. They are not trading these millions of shares and not making money. They are the traders. The investors are waiting for next earnings hoping it is going to beat like all the analysts are saying but not trading.
More and more folks accepting the new American Way that you can buy what ever you want and will not be required to pay. Surprise! U will pay some time and it may not be with money.
To say that they ran into unsuspecting headwinds regarding debt payment certainly shares that they are not at the wheel of their ship.
May have been a good move by selling MU. Market does seem very extended and MU appears to be going lower over the short term.
They are not too big to fail. Big banks, financial institutions and the government have created a deficit quagmire. Over 50% of American households on some kind of government assistance. People can't or won't pay their bills similar to the banking institutions. The government does not consider CONN TBTF. Conn provides credit that is not being paid and will not be paid. Obama can stay in business and continue to have his regular golf activities. Conn and their employees will be out of work because no one is going to rescue them. They will not be spending their free time on the golf course. They have to pay.