Did buy this morning at 50.35. With this early heavy volume I will be holding to see what happens. Thinking it goes higher after a little pull back. We will see
So this should be another reason that the market goes up? I sold my long at 50.65. Missed a lot of the gain because I thought with the early volume it would pull back some and then continue up. This was very negative economic news so I will sit back and see what kind of positive spin they can put on it before I go back long. I think that both VLO and HFC are good setups to go long but they may sell them back more yet.
He does sound very persuasive that the refiners are going to move much lower in the future and that they are shorts.
Do not know what is going to happen but would seem like a good idea to take some profits.
MU is doing very well but for a trade thinking they would take it down some. Using a trailing stop but think they take it back down to 31 +. We will see. They have taken it down nicely today and are still moving it down.
In 3 months this stock has went up over 50%. As much as many folks are saying buy and it is going to 40, stocks do not just continue vertical. There is a reason this stock is falling today despite this positive chatter. Some big money is selling and shorting. How much of a pull back we have I certainly do not know but they have been changing positions since July 1. Today It could be a turning day at some time or it could just continue making lower lows. Just trading and not investing. For those investing and looking for 40, I hope that happens for you. GLTA
Will it continue back down now for a little? Admit that I covered my short at 32.90 this morning. Just observing at this time.
Maybe MU will be moving to 40. They are certainly in a sweet spot.
Held support today and now has moved back to nearly green. They are in a sweet spot with their product as they can sell as much as they can produce. Think it continues higher. Do not know if it hits 40 but it looks good.
Do not see anything that will force the shorts to cover. Look more for NQ to move back down from this 4.65 area. We will see.
You are correct. Think some shorts got caught yesterday when market down and MU went up. MU can sell all they can produce so Samsung is not going to make any difference to MU. Getting more and more difficult to trade the market as the big money moves stocks which ever direction they want.
The big money will take companies that are making all kinds of money short while taking others that are making very little up. Will be witnessing a lot more shorting in the market this summer. Folks thinking that MU will see 35 by Friday are mistaken. GLTA
That sure worked. Looking strong on good volume.
Has been a nice move for them for a trade. Appears we may see some higher prices with the good volume.
They can keep playing this back and forth for the next few weeks. That move down today had nothing to do with fundamentals. Just like AA today we will find that MU will have great earnings again next quarter.