and added more this morning at 27.25. I be honest I was little concerned yesterday, when I got 2k at 26.52. In few seconds it was in 26.30s and i wsa thinking to sell with loss.
I trade a lot, and did 4 round trades today with NFLX and made tiny money. My last trade was short 500 shares at 450 15 minutes before closing. Got a call from police (make story short, wife had tiny accident couple of miles away, and not able to find insurance card) and got their on time with papers but forgot to take my phone. Knowing that I was short, used my wifes phone to quickly cover around 448.10 and i was very happy made money w/o watching being in my office. 500 was too many shares to keep after hours for me. I have stayed short 100 to 200 shorts with amzn, tsla, nflx etc, but not 500.
anyways, finished the paper work, tows, staff, went and picked up the kids and got home after 6pm. I almost fainted when I saw NFLX price on cnbc screen, down 115 and I had 500 shares short. I was praying my cover did not go thru, run to the office, but no good, i had no shares, and my cover time was at 3:59:21which i had no clue when i traded from her phone. Instead $1000 I could have made $60k in 15 minutes if police/or my wife phone delayed everything by 40 seconds
I told my wife, that stupid insuranhce card cost me $60k (but in reality I would have covered at lest 400 of 500 if i was home)
Oh well. At least accident was minor and everyone are ok.
Do not forgt the upgrade. MU usually more volatile than INTC. INTC being down 5% = MU being down 8-10%.
So without JPM upgrade stock may have been in $24s today.
what parabolic curve. MCHP cobtrol the SOX direction today. nothing to do with MU or any other technical chart.
IF MCHP did not have the warning MU would be green today.
last 2 hours 184 MU trades...that was tough. I usually do not panic, but was getting there. Big turn around.
I was short covered them over 29.50 (bad price) but entry was high enough so do not complain. BUt relativly small number of shares.
Then started going long 1500-2000 shares for every 10-15 cent down move, and by the time we were 27.60 (my lowest entry was 27.80) i had 42000 shares and was down BIG (over $35k down), but thanks for turnaround started selling above 28.30 to 28.70 (and made ok money). Now i have 1 share (no kidding, i just keep small number of shares so i can get quick quote when i look portfolio.)
I am watching SOX index and INTC, MCHP closely to see if I want to get back in MU. Looks oversold, but if SOX and INTC do not support I will not get in.
Oh My, i can breath now. That was scary. I am going for a walk now.
Oh well, as predicted 99.99% rumors are bs. Last two weeks we had thousands posts , blogs, pr about possible buyouts, and none mentioned YAHOO dealing snapchat.
Snapchat is not necessary a bad thing, but yahoo is not google or facebook with high risk investing. both GOOG and FB can afford crazy buyouts, but yahoo can not.
After Mayer news came out we have seen over 500,000 shares traded. These are not retail onvestors, Some big firm either covering or might be Starboard cause Mayer is looking forward to talk to them. I guess Starboard way to say thank you :-)
Sold majority in 40.40 i think (i did not count - had over 3 dozen sell orders. I did not want to rush and sell all same time, so throw 600 shares market sell during that panic covering, and was hoping to scalp 30-50 cent, but end up paying avg 40.58.
At least I made nice profit from 2 minute call option, and from AOL short.
Not really. We can not tell until shorts have opportunity to speak. If they think BABA is overpriced then they will buy puts. So we will see.
shorted 44.61 and covered 43.82....i think has room to go down more...but i am not closely following aol and do not want to take unnecessary risk
it went as high as 46.79...why???
many made killings today....and many lost a lot for selling the calls...
check todays 39.50, 40 and 40.50 calls....
just amazing..from 1 cent to 1.30....WOW
i would never ever bought 39.50 calls at 2-3 cent just 3 hours before expiring when stock is 39.02...
but if you were quick enough you would had chance to get in 15-20 cent and sell with 300-500 % profit in minutes..