Maybe Mr. Einhorn and Mr. Cramer are selling their shares as they are telling us to buy. May be in a trading range for awhile or maybe there is going to be dump. Most of the folks that were going to buy MU have bought so it could be a great time to short. Looking that way today. Tomorrow it could look like a buy. Tricky trading so be careful.
Now they are even taking it lower. This market is beginning to look like they may give it a little flush. All the talking heads saying buy while they are selling and shorting. We will see. It does take a little while before they have it set up.
This market is looking like a correction is setting up. Market not really moving that much. Appears that a lot of big money is shorting a lot of stocks getting ready to pull the bids creating a drop in the market. Stocks that are beating their earnings are being sold off. In the last few years after beating they have continued even higher.
Of course they may wait until next year before they actually pull the plug and just be setting it up now.
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.