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.
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.
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.
Beginning to see a little more serious selling in this market. Watching to see if MU breaks thru the bottom of channel. Market weak and getting weaker. MU is making mega bucks yet the big money players can decide to make it on the short side for a trade in MU also. Waiting to see what happens. GLTA
Stock price not CMI's big concern. Business, contracts and execution are the important issues. Stock price will look after itself. I would not accelerate buyback now. Stock could go much lower. Buy back then.
Shorted at 50 last night. Thinking there will be a bunch of profit taking and shorting. Analysts usually right on when they upgrade after the fact. A little over 3 months ago FB beat by much more and had all kinds of upgrades. Yet those upgrades were shorted. The big money decides so we will see what they do.