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Micron Technology, Inc. Message Board

highlowsel 795 posts  |  Last Activity: Dec 19, 2014 1:16 PM Member since: Feb 26, 1998
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  • highlowsel highlowsel Sep 22, 2014 8:41 AM Flag

    Martin: No disrespect but as you yerself stated it's stupid to put every penny....every hard earned penny, into one stock. Even it it is this stock. So my council, should you win your gamble (and I suspect you will but disclosure I, too, am long this equity though I trade around a core position), is do not conflate luck with any "Master of the Universe" attitude once you win. It's like winning a big hand at a major poker-stakes game in Vegas. Once you've won step away from the table (heh). You're not likely to win twice with the same sort of gamble...more likely to give it all back and then some. 'Tis the nature of Vegas and....this game (if you're not careful).

    Now let's see how this week goes. Barron's over the week-end set the tempo...now let's see if Master let's Poochie dance to the beat. PM bid $17.04...

    Highlow
    American Net'Zen

  • highlowsel by highlowsel Sep 22, 2014 10:17 AM Flag

    Kind'a sort'a looks like a test of ~$17.25 is setting up....this based on the intraday action so far....but Master can pirouette on a fraction of a penny so let's see what he actually does...

  • Reply to

    Bid $17.15.

    by highlowsel Sep 22, 2014 10:17 AM
    highlowsel highlowsel Sep 22, 2014 10:33 AM Flag

    Forth: It will be interesting to see how it plays against the market. To a certain extent BAC has disconnected from the overall market dynamic that appears to be entering a retrenchment mode. This could mean money is leaving overvalued situations and looking for undervalued. As a perception, right or wrong, BAC may tend to be viewed as undervalued....regardless....for now the that ~$17.12 to ~$17.17 zone is proving a tough nut to crack. The sell side kept the bid checked at that level and just went on the attack driving the bid to $17.06....all the usual sell side tactical tools are being used to hammer the bid back down....now at $17.04. Going the wrong way vis-a-vie my earlier comment at $17.25. Heh!

  • Reply to

    Bid $17.15.

    by highlowsel Sep 22, 2014 10:17 AM
    highlowsel highlowsel Sep 22, 2014 10:44 AM Flag

    Bid $17.02 and still be hammered by the sell side. Opening gap just about closed here...let's see if they drive the bid back south of $17 again...

  • Reply to

    Bid $17.15.

    by highlowsel Sep 22, 2014 10:17 AM
    highlowsel highlowsel Sep 22, 2014 10:58 AM Flag

    Me, too. There's quite a churn battle going on right now at .03 x .04. The ask appears to fade yet sits there refilling...in any case check the opt volume on the Oct 18 $18 Calls. It's huge....+34K. Looks like somebody is expecting at least that much upside by then? But meanwhile the churn machines don't appear to care....heck they barely look further out than the next cybersecond...and eternity (I suppose) in their universe.....bid now $17.04..

  • Reply to

    Stock Market what a SCAM!

    by bat1_70605 Sep 22, 2014 9:57 AM
    highlowsel highlowsel Sep 22, 2014 11:07 AM Flag

    Simply the manifestation of Greed vs Fear. ;-)

  • Reply to

    Bid $17.15.

    by highlowsel Sep 22, 2014 10:17 AM
    highlowsel highlowsel Sep 22, 2014 1:42 PM Flag

    Bid $17.11. Boy the sell side is trying really hard to contain the buy side. Bid makes it way to the resistance zone at ~$17.15 and WHAM the sell side throws +3M shares at it in "boat-anchor tied to Poochie style" to drop that bid by 10pennies back to $17.04. Only to then watch the bid gloat back to $17.11. They must be getting frustrated...but they're still trying...slamming the bid to $17.08 and using the ask as a cap trying to overhang it.....all this chaotic churn is telling me is the bid is getting closer to a "breaking free" point....maybe not today...but my WAG is it's reaching an inflection point for the next leg upwards. Now watch....it'll still be around this level come Xmas. Heh!

  • Reply to

    Bid $17.15.

    by highlowsel Sep 22, 2014 10:17 AM
    highlowsel highlowsel Sep 22, 2014 1:59 PM Flag

    Yah...some weird, though somewhat familiar, action in BAC. There's a ton of head-faking going on by both sides. What do I mean by this? The bid will fade and fade, appearing to be weak until...it's the ask that falls back. And the same, too, with the ask fading, fading until...the bid breaks. The action is all inverted from what you'd expect of what's shown. I guess it amounts to "puppies rumbling around under the bed-sheets?" Basically both sides are feinting and head-faking even more than usual, creating a stir under the covers...but you can't get a read on the meaning. But so far the bid is staying positive...something that's a good take-away considering the overall market today....let's see how it ends the day...

  • highlowsel by highlowsel Sep 22, 2014 2:39 PM Flag

    Heavy day today. With a bit less than 1.5hrs left in the session it's a slam-dunk today will be another +100M share day. They keep this up sooner or later we'll be talking real money, eh? Heh! Bid trying to stay north of $17 and it churns and gimbals all over the place. $17.04 currently...

  • Reply to

    Volume +87M so far

    by highlowsel Sep 22, 2014 2:39 PM
    highlowsel highlowsel Sep 22, 2014 3:19 PM Flag

    Codi: Bid now $17. Bid is giving it up going into the final 30 minutes. Overall market now down -114, too. I suspect we'll see the day end much like it did on Friday...when one final closing YANK....bid now getting hammered and that ask is again showing the large overhang....

  • highlowsel by highlowsel Sep 23, 2014 8:05 AM Flag

    Got that closing YANK yesterday like was presumed might happen. And volume was large, too, at +108M shares transacted. PM is at $16.98. Given the overall market conditions it may be hard for BAC to plow ahead. Hell it has troubles plowing ahead in the best of times (heh). In any case I expect the usual mischief out of Master.....but I view any weakness as an opportunity longer term. As for trading it....well..let's see how much the "opportunity" shapes things up today....

    Highlow
    American Net'Zen

  • Reply to

    PM $16.98

    by highlowsel Sep 23, 2014 8:05 AM
    highlowsel highlowsel Sep 23, 2014 11:28 AM Flag

    So far the bid is holding up well, though that ~$17.15 area is proving to be the area Master is not letting Poochie get north of.....the sell side really comes to the fore in that area.....but the bid ain't backing down by much so I'm thinking the bid will get thru that level....eventually. Bid now $17.13.

  • Reply to

    PM $16.98

    by highlowsel Sep 23, 2014 8:05 AM
    highlowsel highlowsel Sep 23, 2014 12:35 PM Flag

    Bid $17.18. Grinding higher and I do mean grinding....not that I'm complaining. ;-)

  • Reply to

    PM $16.98

    by highlowsel Sep 23, 2014 8:05 AM
    highlowsel highlowsel Sep 23, 2014 1:31 PM Flag

    The sell side went on the offense when bid was ~$17.19 and hammered it back to .10. Back below that .15 resistance line. That said I just opened a trade at that line....the action is very chaotic but the overall direction appears to be up.....now watch Master yank Poochie back to $17....bid now $17.11.

  • Reply to

    PM $16.98

    by highlowsel Sep 23, 2014 8:05 AM
    highlowsel highlowsel Sep 23, 2014 2:02 PM Flag

    Bid now $17.08 and still being pressured. Really...I was just kidding with my "yank Poochie to $17" crack. Honest. But since the intraday double top at ~$17.20 it's been entirely a sell side game. Bid now .07. If Master actually does take Poochie to anywhere near that $17 line I may have to add an additional tranche....but let's see what happens.

  • Reply to

    PM $16.98

    by highlowsel Sep 23, 2014 8:05 AM
    highlowsel highlowsel Sep 23, 2014 3:28 PM Flag

    Master putting on a sell side clinic here in the final hour.....as usual. First bid floated to ~$17.11 then Master dropped a +1M share boat-anchor on Poochie effectively taking Poochie to $17.06 where it now sits. Looks like Master will close the session by doing what he's been doing of late...yanking southward (to be followed by another pop in the AM tomorrow?). Looks like he's got his heart set on closing the session flat. But maybe not....we'll have to see how the final 30 minutes unfold. Interestingly enough the volume is below average....not sure it means anything but.....there remains one nice positive....this may be session #2 closing north of $17? Basically the last 4 sessions (inclusive of this one) show the bid channeling from ~$15.95 to ~$17.15 with a positive bias....bid now $17.06 and getting pummeled.

  • Reply to

    PM $16.98

    by highlowsel Sep 23, 2014 8:05 AM
    highlowsel highlowsel Sep 23, 2014 3:29 PM Flag

    Ooops....typo...make that the bid channeling from ~$16.95 to ~$17.15 with a positive bias....

    Also bid now $17.05...

  • Reply to

    PM $16.98

    by highlowsel Sep 23, 2014 8:05 AM
    highlowsel highlowsel Sep 23, 2014 4:08 PM Flag

    Lan: Bid closed at $17.05. Basically flat, albeit up a couple pennies. Here's a datum. at 16:00:13 (pm) a 7,856,662 share block went across as a sell at ~$17.05. There's the boat-anchor I mentioned earlier....and then another ~M shares ziggied across as sells at the same line. That's some big action. But in looking at the total volume for the day as it was sprinkled about the intraday range it looks like ~41M shares were transacted between ~$17.10 and ~$17.15; roughly half the intraday volume.....so there's the base that...so far....continues to act more as a resistance area but which, by Friday, prove out as support? Just some WAG'ing, of course...

  • highlowsel highlowsel Sep 24, 2014 9:39 AM Flag

    The action is picking up right where it left off yesterday with the bid now at $17.08. The ask may show small and be continually hit but it simply refills until it's the bid that fails. So I doubt it will test $17.25 today so long as that dynamic is active.....but we're only ~10 minutes into the session so let's see where it goes.....I'll be happy if it can finally get north of that hard resistance area of ~$17.15.....

  • Anyone (else) noticing the extremely wide channel MU's bid is in? Buy down as close to $30 as you think you can stand, then sell north of $32. That's been the slo-mo pattern of the last ~30 days or so....

MU
34.49+0.04(+0.12%)Dec 19 4:00 PMEST

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