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Micron Technology, Inc. Message Board

highlowsel 884 posts  |  Last Activity: 22 hours ago Member since: Feb 26, 1998
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  • highlowsel by highlowsel Jan 28, 2015 7:43 AM Flag

    I've maintained a longer term downtrend line on my chart with this equity. It starts back at ~$10.25 last July 7, 2014 . A second touch on the chart is the ~$9.84 level of July 23rd. Draw that line thru to today. The bid has stayed under it until...yesterday. The line, as of close yesterday, sits at ~$6.25. So....breaking north of it represents a potential trend change and reversal what with where the bid closed ($6.35). You can color me intrigued. One day do not a trend reversal make; but the buy side set-up is becoming clear. Let's see how it plays out. Disclosure I've been judiciously building a buy side position in the mid-low $5's.....so consider the source.

    Just my 2pennies worth...

    Highlow
    American Net'Zen

  • Reply to

    Seven Words

    by bac_trader Jan 10, 2015 5:54 PM
    highlowsel highlowsel Jan 11, 2015 11:11 AM Flag

    Bac_trader: Dude....not that I want to get into this but....get a grip....I daresay yer average (red) American could use a similar set of words...fewer of them actually...back when the Europeans invaded this continent.....you know....something to the effect of...."Let them feed themselves or starve" attitude. Would have made Thanksgiving...hell the entire country...a shade less the self it is today, eh? Heh!

    As for your comment...the words are all wrong....."We shouldn't have started Slavery..." would be better. A land of voluntary immigration would have been preferable to history's eyes. But....though (as you say) we may not have had some of what you mention....we also wouldn't have had so many of the positives that have come about, either....just do a Google search on African American inventors and scholars for a clue. Or check the Asian contribution. It comes to this...America's a melting pot...one big mixed up mess, for sure. But all the better for it ultimately....we're the red one, the white one, the yellow black and brown. Sometimes the cast offs of other countries. Sometimes the results of forced "immigration." But overall that society, for better and worse, is still better than most others....and will continue to be so only so long as TOLERANCE and empathy is its guiding star....

    And that's all I's gots to say about that...

    Highlow
    American Net'Zen

  • highlowsel by highlowsel Dec 22, 2014 2:50 PM Flag

    BWAHAHAHAHAHAH! News out. North Korea's Internet access is DOWN due to Denial of Service attack. And the U.S.? They''re "Who, ME'ing?!?" BWAHAHAHAHAH! Sorry...can't help meself.....I'm just amazed the global community has let this tin-pot totalitarian regime play the mouse that roared card for this long. Granted it wouldn't take that much to shut them down...but really....REALLY!? They're going to go tweaking noses like they have of late? Grrrrrrr......

    Sorry for the OT...couldn't help meself. Now...about BAC...Bid trying for $17.70.....not sure it'll get there but....let's see what happens in the final hour...

    Highlow
    American Net'Zen

  • highlowsel highlowsel Jan 28, 2015 12:13 PM Flag

    Kevin: I get the angst...but really...there's only ONE announcement out of management that matters.

    "We sold $X Beegillion in the recent quarter...."

    At this point it is ALL about the money. Indeed, ain't that why we're all here? Well....it's getting close (er) to the time where management should be able to talk specifically to it...no more guesstimates by the analytical set. No more rah rah bah bah by the interested onlookers. It's allllll about the money....and some are getting twitchy waiting on management showing what they got...it is what it is....

    Just sayin'...

    Highlow
    American Net'Zen

  • Reply to

    Next support is at........

    by sam.payson Jan 28, 2015 6:21 PM
    highlowsel highlowsel Jan 29, 2015 8:43 AM Flag

    Sam: $3.50?!? LOL! What...you and mdb drinking at the same water cooler? Me thinks if BAC went back to that level we'd have far more pressing concerns - global economy-wise - than the pps of wee little BAC. Oh....wait...is that what you are indirectly saying? Is this a tangential "run around the room hair on fire shrieking we're all doomed" comment on the general direction of things? ;-)

    I digress. Anyway...for now, for me, support seems to be the first bottom BAC did on the slide from ~$18.20. That is...~$15. From a TA perspective I see a double bottom test setting up. Which way will it resolve? I've nary a clue though my WAG is it'll ultimately resolve favorable for a buy side position. But for now Master is busy chugging and churning the Pooch in the fashion well known by those able to follow the intraday in real-time fashion. Let's see what happens next.

    Current PM bid...$15.23.

    Highlow
    American Net'Zen

  • Reply to

    Why all the political posts?

    by jiminkm Jan 26, 2015 12:56 PM
    highlowsel highlowsel Jan 26, 2015 1:53 PM Flag

    It's probably because nobody listens to them in their personal lives and neighborhoods regarding this, so they come here and rant as if it matters. In that sense it's like the average homeless guy/gal I see on NYC street corners ranting to high heaven to the sound of their own voices. Do what I do - both in that case and this one; use the ignore function. It's the best you can do since these are free threads (after all). Free threads. Free space and free speech....what a world, eh? ;-)

  • highlowsel highlowsel Dec 1, 2014 1:07 PM Flag

    Oh reelax.....it's Dec 1....there's PLENTY of time to swing your position all 'round the barn and back again.... ;-)

  • highlowsel by highlowsel Dec 8, 2014 10:36 AM Flag

    I'd say it's safe to say that a test of the 52 week high mace back mid March is now setting up. ;-)

    Let's see how Master control's the 'ol Pooch...

    Highlow
    American Net'Zen

    Sentiment: Buy

  • highlowsel by highlowsel Jan 20, 2015 4:19 PM Flag

    Nice close....~$103.78 after briefly topping $104. This sets up an interesting scenario....blow out to a 20 day chart. Today's close basically shows a probable break back on top $103 resistance that manifested from Jan 8-9. At this approx level the bid is now juuust a bit more than half-way back thru the downside gap of ~$109 to ~$97 that opened on Dec 22. So it's chugging northward once again...and for the nth time that anyone who's following GILD for longer than a cyber-second can recognize. It's been bouncing in a broad channel.

    What interests me is what looks to be the next resistance level from today....and to calculate that one you have to blow out to a 6 month chart then run the Fib's from ~$94 to ~$116. You'll see a critical retrenchment line on that scale, the 38.2% retracement, sits at ~$107.50. That's the line my WAG is the bid will be magnetized towards....and if it can break on top of that then it's on for a retest of ~$109 followed by testing old highs. Mind you this is all a WAG, and leaves aside any news out of the company or sector to alter the dynamic....in any case them's be my set-up metrics going forward for the interim.

    Just some 2pennies worth of thoughts.

    Highlow
    American Net'Zen

  • highlowsel highlowsel Jan 11, 2015 10:56 AM Flag

    Mdb: Wow. Interesting...a +50% miss on earnings, eh? Okay....you can think/say what you like it's a free thread (heh). But color me curious....what's the data, the information, that leads you to this line of thought? Let's see yer research. ;-)

  • Reply to

    Thinking of selling half....

    by gamma05conquest Dec 9, 2014 1:55 PM
    highlowsel highlowsel Dec 9, 2014 3:10 PM Flag

    Gamma: Depends on your point of view, your timeframe. If'n yer trading this one then taking profits here at the current pps of $17.54 ain't a bad idea. I never snuffle at profits. But if you've a longer term timeframe....say....6 months to +1yr....welll...it's a question of your risk tolerance and tracking a stop along behind it (either real or in your head if'n you can track the equity daily on the intraday).. I'd say if BAC can close at or north of .50, and not collapse into close, this kind'a sort'a indicates the market has developed a certain tolerance to BAC's never ending FUD (Fear, Uncertainty, Doubt), and this may clear the way for further upside into Q1 2015. Just a WAG, of course. Disclosure, I've a very old long term basket of BAC (from end of 2008), plus I trade around that core, so consider my comments for what they're worth....

    Bid $17.52...

  • Reply to

    BAC to double end of 2015

    by handsome868 Sep 10, 2014 9:26 AM
    highlowsel highlowsel Dec 8, 2014 10:32 AM Flag

    Given the sheer size of the float I'm hard pressed to see BAC doubling by this time next year. I do like your enthusiasm though. ;-) For now I'll be all a'giggle should it get to the ~mid-$20's by that time.

  • Reply to

    Bid $17.22

    by highlowsel Dec 3, 2014 9:59 AM
    highlowsel highlowsel Dec 3, 2014 11:28 AM Flag

    Codi: LOL! If I had that kind of control.....well......I certainly would NOT be talking about it. I'd be PLAYING it! And from my own private island, too. ;-) Anyway....the bid's now back at .18 so that downtrend line, plus the great swamp, remains in effect....for now...we've got a bit more than half a session left to do something.....if it can go back up and close near the high, or high, I'd say that's a good signal for more upside. If it retreats yet again back further into the swamp or below...well...false start, another head fake, and you'll probably get yer wish.

    For now the sell side tactical game, which was absent earlier, is back in effect. The 'ol chug and churn process. Bid just dropped to $17.17.....regardless...I think I'll open a trading tranche in this area....the intraday TA is signaling oversold and a buy side set-up is...setting up. Let's see how it plays...

    Highlow
    American Net'Zen

  • highlowsel by highlowsel Dec 18, 2014 8:51 AM Flag

    Nice bounce so far. Bid's being carried all the way back to a Fib 38.2% retracement line I've got up on my charts....that line, which got broken as support now is resistance and the point I'm watching to see what (might) happen next. It sits at ~$34.80....if the bid continues north, tests and breaks thru go long....if it tests and fails...go short. Just from a trading perspective....

    Santy rally engaged? Let's see how it plays out. Bid $34.53.

    Highlow
    American Net'Zen

  • Reply to

    Fed is a JOKE

    by chuckie_pick1es Dec 17, 2014 3:00 PM
    highlowsel highlowsel Dec 17, 2014 3:24 PM Flag

    Citi: I get the angst...but let me ask...."...and replace it with WHAT, exactly?" Let the States each enact their own policies? Oh yeah...that'll work....now I know this is a long running pro/con arguement since the Federalist days of Hamilton and Burr but face it...like it or not we need such as the FED from a national/geo-political perspective...

  • highlowsel highlowsel Jan 15, 2015 3:45 PM Flag

    Yawn...you folks still arguing your useless "ism's?" Who cares. Socialism, Facisim, Communism....take yer pick...Capitalism...none of it works as originally conceived. It's all flawed for one basic reason....the sin of human self-interest,, greed and avarice always destroys the "isms." It's the flaw in all our natures.....

    So it goes.

  • Reply to

    Bid $17.90

    by highlowsel Dec 31, 2014 3:06 PM
    highlowsel highlowsel Dec 31, 2014 4:11 PM Flag

    Bid closed out at $17.89. The entire day was, excepting (as stated earlier) now three 30 minute windows of time, was dominated by selling. Interestingly that third window was the final 30 minutes where during ~9.2M shares were transacted and, though the bid closed where it did, was indicated a buying...I did not get my final low-ball .85 bid hit but...there's always Friday.....because although today, as is most of this week, a throw away session the reality of closing below .90 is indicative of a support line breaking....Friday should be interesting because it could bounce...or it could go on to try to close that Dec 3 gap down to the $17.70 level.

    But even if it does so (run down and close the gap) blow out to a 60 day chart and run the fibs from the low of mid-Octobers ~$15.45 to the recent high of ~$18.20....you'll see the key 28.2% retracement level is well below that level....it sits at ~$17.15....funny...that's the 'ol swamp zone the ~$18.15 has now become, eh? Anyway...two ways to view this....either the retracement line is one that won't get hit or.....it points to how much (more) downside could be ahead into the early sessions of 2015. Heh!

    Happy NEW YEAR everyone! "See" ya again in 2015...

    Highlow
    American Net'Zen

  • Reply to

    Fed is a JOKE

    by chuckie_pick1es Dec 17, 2014 3:00 PM
    highlowsel highlowsel Dec 17, 2014 3:13 PM Flag

    Hey Chuckie, reeeelaaax....we all get it. Yellen, like all her predecessors, is just a figure head put up there by our owners to placate while they continue to waltz to the bank. Errrr....so to speak. And you know what? There's absolutely nothing, nada, zilch you and I can do about it. Thte 90% don't count or matter (much). So....no offense but......shut yer yap and play the cards you've been dealt....or not. Your choice.

    Bid $17.04.

  • Reply to

    Now it gets interesting

    by highlowsel Jan 28, 2015 7:43 AM
    highlowsel highlowsel Jan 28, 2015 12:25 PM Flag

    Just an observation, but from my point of view kind'a interesting. Bid started session north of $6.60 and proceeded to be walked down to that aforementioned downtrend line. It has since bounced off it and now sits at $6.40. Related to this....the bid walk-down basically closed the opening upside gap. Hmmmm.....so.....granted TA is an art in the eye of the beholder but for me this says the downtrend line is broken and is now support. Errrr....all else being equal of course. As such we're now looking at the beginnings of a probable uptrend being established. By the by....that downtrend line looks to end the day at about $6.23....so....all of this is the set-up I'm watching. Disclosure, I am currently long this equity.

    Highlow
    American Net'Zen

    Sentiment: Buy

  • Reply to

    Bid $30.63...

    by highlowsel Jan 22, 2015 10:11 AM
    highlowsel highlowsel Jan 22, 2015 1:13 PM Flag

    Auburn: Actually I don't think it's doing all that badly. Bid's been floated up...now ebbing back at $30.44...but overall...not too bad. 'Course I recognize folks "twitch factor" might be high if you're juxtaposing MU action against the larger, current, "green light" dynamic of the overall market. But even so....not bad. Errrr....all just my opinion of course.

    Bid $30.47.

MU
30.67+0.05(+0.16%)Feb 27 4:00 PMEST

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