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.
They didn't let it get thru 32 and has been selling since. Does appear that it may be turning over. Of course one day doesn't make a trend yet this high volume pull back day does put it on the watch list. Just observing now as i sold at 31.20.
Expecting it to move down some more next week. Nothing positive about Jeffries raising price target to 40. Maybe some big traders are short now in MU and will take it down some more in the next couple of weeks. In a couple of weeks they can cover and go long before earnings.
We do not move the market. Our retail shares are insignificant. I just took profit as I traded. I bought some FEYE after hours when SPLK beat and raised guidance. It is always wise to take profits. Granted, some times I do get shook out . Maybe that will be the case here but I am not a gambler.
Know it is still lunch but seems like heavier volume selling or shorting here than just market makers making a few cents. Appears that they are moving out of FEYE and on to something else.
They are not listening. Sellers continue to refresh on the bid. Even after the positive news that has come out they sit on the offer. Appears they let it run up this morning to sell and short. Do not think you are going to see 50 as it is lay down time now. They are sure taking back the gains quickly.
Definitely heavy volume today. Has pulled back to this 31.30 area. Does seem to be a lot of refreshing on the offer. Some folks taking profits and maybe some folks shorting. Will be interesting what the last 2 1/2 hours produce. Despite the heavy volume, the high of the day may already be in place. Mind you these momo stocks can move quickly.
One wonders if that was a bunch of accumulation in FEYE today preparing for this upgrade. No they wouldn't do that.