Think we see MU go under 32 again. We still have over 2 weeks before earnings. The manner they have been shorting, covering, buying, selling, shorting, etc. has more time to play out.
Of course we see this today as the whole sector tanked and still moving lower. Think it is called wall street and why these brokerages make over 100 million dollars a day trading. They are so glad that the little guy has his money in the market so they can take it. The rich would be in the poor house if we didn't provide them the money.
Disappointing that Sapphire only in watch which is not that attractive. The selling volume is a little horrific. Shorts will cover at some time. AAPL has not invested the money in GTAT to waste it so think that there are still good things to come. It is just not going to happen as quickly as many had hoped.
Full disclosure. I covered my short at 91.15. Maybe they are not going to cover and will take it down another few points with downgrades as you have shared. I have taken my profit and will move on.
You may be correct but everyone knew that MCD's going to miss this quarter. This is why it was down nearly 10% from near the end of June. Big money has been shorted and took it much lower again today although the miss was already priced in. I think that they begin to cover and move on to something else with the multi-millions they have just made here.
And so it is! A market maker shared with me that at lunch time it is like taking candy from a baby. They cry but can not do anything about it. MCD makes another 52 week low. It is actually a new 20 month low. Folks losing a lot of money investing in this company. May be a number of mutuals that will be selling as they do not want it in their portfolio. Even in 2008 when the market crashed MCD was able to hold it's own. This is and has been a short for some time. Market makers exacerbating the fall here during lunch. This is a difficult time for longs when market still near all time highs. I hope for your sake it goes back up. Yes I am short but do not see any reason to cover yet. That could change before the day is out but certainly do not see it yet.
Realize for over 5 years bad news is good news. For MU much of the everyday good news lately has not moved it up and when it does we see it fall back. SNDK had an upgrade and MU is revealing a new flash drive so maybe we see a move up at the beginning. If your a chartist the technicals indicate we may go higher. Trying to follow the big money that moves it. It has been a good trading stock.
Will b interesting to see if it gaps up tomorrow. There is no clarification regarding how serious the breach was.
Actually it appears as of now they have not clarified if there was a breach.
When having to ask those questions I would recommend that if you buy on margin close out that day. Fear can take over resulting in trading on feelings. Do no put yourself in that position. Sorry but I do not give advice to others on buying or selling shares.
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.