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Micron Technology, Inc. Message Board

highlowsel 1122 posts  |  Last Activity: May 27, 2016 4:46 PM Member since: Feb 26, 1998
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  • Reply to

    Bid $10.60

    by highlowsel Feb 26, 2016 10:16 AM
    highlowsel highlowsel Feb 29, 2016 7:49 AM Flag

    Flying: OPK? Hmmm...haven't tracked 'em, so thanks for the consideration. ;-) PM Bid $10.60 x .74.

  • Reply to

    Bid $10.60

    by highlowsel Feb 26, 2016 10:16 AM
    highlowsel highlowsel Feb 29, 2016 8:08 AM Flag

    Actually...I should amend that "haven't tracked 'em" I'd done an initial assessment, which wasn't entirely unfavorable, back a few sessions ago. It's interesting that a major insider has been putting his money where his mouth is. So that counts for something. Anyway...I'd blown out to a 5 yr weekly chart and drawn an uptrend line off the 5yr low, set back ~mid 2011 at ~$3.50. I used the second touch point on that line a p/b low off the later (in 2011) high...this being ~$4.50. Then I drew it thru today. It sits at ~$8.75. It's interesting to note the bid stayed north of that line for the ensuing years, though it was broken to the downside in early January (2016). It just got back on top of that line, on volume, last week...so color me interested.

    Now what are the metrics (for me)? Well...draw a downtrend line off the 52week high of ~$19. Use as its second touch point the July 23rd level of `$17. Draw it thru to today. That line sits, at this time, at ~$10.50.

    So,....the two trading metrics I'm keying on is the 5 yr (up) trend line of ~$8.75 and the 52 week (down) trend line of ~$10.50. Go long north of $8.75 (or short if that line fails as support) and close the trade at ~$10.50....then waiting to see what happens next..if it gets to that line I'd expect some consolidation. Look to re-open a buy side trade if it can get on top of it on volume, else short to cover at the 5 yr uptrend lines (at that time) level....

    As for MU (this IS a MU thread)....well...there's a whole bunch of confluences occurring....a (down) trend line from ~$11.70 has converged with a shorter term uptrend line off the recent $10.10 low....the convergences is at ~$10.70. And the stoch's are signaling well oversold (on a 10day chart). So...look for a break-out to the upside...targeting the ~$11.20 area...with that $11.50 line still acting as hard resistance..Oh...if $10.70 fails then short to cover at ~$10.20.

    Just some thoughts.

  • highlowsel highlowsel Feb 29, 2016 8:57 AM Flag

    Rock: Ummmm.....you say you have this amount....and you then go on to say you've "$1Mil" in the bank, too? And you're asking for financial advice on this thread? Really? This thread? :P!

    Well...no offense but how, exactly, did you earn your $1Mil? Is it an inheritance or sumthing? Because nobody who actually earned that size "nut" would be walking around here asking for advice. They're smarter than doing an action that is, to me, akin to standing on a street corner in Manhattan with my wallet out and waving about for everyone to see, asking for folks to help me spend/invest it. No...not just a Manhattan street corner......but smack in the middle of Times Square, too.

    My advice, presuming you are as you purport, is to find yourself a good financial adviser...preferably one with a strong accounting background...to assist you. I'm sure you can do a quick Google/Bing/whatever search and find a slew of suitable candidates (to interview) in your home area.

    G/L. Meanwhile...PM bid...$12.71

  • highlowsel by highlowsel Feb 29, 2016 9:18 AM Flag

    Well...Friday saw the bid pop north of a downtrend line I've got on my charts...one that originates back ~Jan 15 at ~$15.35 and sits, now, at ~$12.26. Getting on top of that line, if it can be maintained, points to a run up to test the downtrend line I'd mentioned having on my chart from the ~52 week high area of mid Dec's ~$17.80. The line sits at ~$14.60 today...so....basically......Master is letting the Pooch wander into that wide (downside) channel represented by those two lines....$12.26 and ~$14.60. Pooch is in a very short term uptrend line right now....let's see how he gets played now that he's in this wide channel/zone. I expect all the usual chug, churn and mischief....but maybe (at the least) there'll be a bit of a positive bias? Let's seeeeee....

    PM bid now $12.71.

    Highlow
    American Net'Zen

  • Reply to

    PM $12.68

    by highlowsel Feb 29, 2016 9:18 AM
    highlowsel highlowsel Feb 29, 2016 9:35 AM Flag

    Session starts with a YANK to $12.61. So I'm in off that line with a buy side trade...just playing the usual tendency Master has to overshoot the Pooch....+10 pennies and I'll be out.

  • Reply to

    PM $12.68

    by highlowsel Feb 29, 2016 9:18 AM
    highlowsel highlowsel Feb 29, 2016 9:44 AM Flag

    Bid $12.57. Extreme sell side pressure hitting the bid so far ....oil must be acting up again? And in the time it took to write the last sentence bid jumped to $12.61. Gonna be an interesting day if not week.....

  • Reply to

    Bid $10.60

    by highlowsel Feb 26, 2016 10:16 AM
    highlowsel highlowsel Feb 29, 2016 10:21 AM Flag

    Well...as you can see from the date of this threads comment Lucy has been hard yanking the ball away from the buy side since the session started today. She nullified all the Friday afternoon lift that occurred....and did it in about 45 minutes using ~1.5M shares hammering the bid back down. Bid now $10.55 and still being hammered....I'd mentioned a confluence of TA factors all coming together at the ~$10.70 line.....looks like the resolution of them is to take the bid south....looks like the set-up is to take the bid back to the shorter interval uptrend line that right now sits at ~$10.45. She's brought the bid back to that line about 3 times in the last 4 sessions (nclusive of this one)...so I expect she'll do it again. Will it result in another bound? Dunno....let's see what she does.....

    Bid $10.54..

  • Reply to

    Bid $10.60

    by highlowsel Feb 26, 2016 10:16 AM
    highlowsel highlowsel Feb 29, 2016 10:45 AM Flag

    Sphartsy: I can dam near guarantee that if the market does a dump like you state then this one will go straight back into the singles. You know...the theory of a falling tide takes all boats with it. For now, though...it's hard to say where it's going...the TA is chaotic..though as I stated earlier if the confluence of TA resolves negatively then play the short side trading game. But overall MU is a victim of overall market dynamics....and those dynamics are....for lack of a better descriptor....squirrelly at best.....

    Bid $10.55.

  • Reply to

    PM $12.68

    by highlowsel Feb 29, 2016 9:18 AM
    highlowsel highlowsel Feb 29, 2016 11:46 AM Flag

    Another day trade? Absolutely.....currently tracking that .61 get with a (mental) stop just south of .80. Bid now at .83. It's a win/win position for me at this point. Let's see what Master does next....

    Oh..speaking of which...note the bid appears to (now) be magnetized to the ~$12.95 area...in other words...back to last Friday's highs? If Master doesn't stop me out on this 'get' then I'll revisit the situation at that line (presuming, of course, the bid goes there). The set-up will be to "go long" if it can get north of $13 on volume...which, given Masters proclivities (remember how he loves the area)...might mean a quick blipped into the next teen zone...else a p/b worth at least 10 pennies of downside. Which will it be? I dunno...but my gut says higher is more likely than not....

    Bid $12.81.

  • Reply to

    PM $12.68

    by highlowsel Feb 29, 2016 9:18 AM
    highlowsel highlowsel Feb 29, 2016 11:50 AM Flag

    Okay...out the .61 "get" at .79. Now let's see if my earlier thoughts prove out or not...

  • Reply to

    PM $12.68

    by highlowsel Feb 29, 2016 9:18 AM
    highlowsel highlowsel Feb 29, 2016 12:27 PM Flag

    Just another churn-fest day....no surprise, eh? I've more or less got this equity on "auto pilot" right now while I run around to other gaming tables. Bid $12.78 and doing a whole lotta nuthin' after the session starting yank-down/bounce.

  • Reply to

    PM $12.68

    by highlowsel Feb 29, 2016 9:18 AM
    highlowsel highlowsel Feb 29, 2016 2:18 PM Flag

    I dunno....right now the bid is riding a downtrend line I put in place off last Friday's high...if fact the bid, at $12.73, is a bit under it....if he rides that line directly into close then look for the Pooch to end the day at ~$12.74....right now he's playing the (by now) usual sell side game of chugging and churning the bid back down....

  • highlowsel highlowsel Feb 29, 2016 2:25 PM Flag

    Flying: I've been watching it on the intraday, much as I expect others are, too? ;-) Anyway....yeah...there've been those intraday pop's (upward) appearing to try to shake loose some shares/ Those spikes have been consistent all day....not overly large (from my point of view), but easy to see (on a chart). And volume, at +4.3M is heavy for this one....indicative of some chairs being (re) arranged on the deck of the ship? Color me interested to see what happens in AH's.....

    Bid $9.24. Disclosure...no position (currently)....just an interested by-stander thinking about it...

  • Reply to

    PM $12.68

    by highlowsel Feb 29, 2016 9:18 AM
    highlowsel highlowsel Feb 29, 2016 2:27 PM Flag

    Same pattern as Friday so far today. That being....yank it down at start of session...then pop it...then erode that pop for the remainder of the day. But note that not getting higher than last Friday's high - at least...so far - is instructive for those so inclined to play a trade...

  • highlowsel highlowsel Feb 29, 2016 2:44 PM Flag

    Perjsar: LOL! Could be...could be. But if so then the buy side can assuage their angst in cold comfort fashion by noting that a fair number of big boys/girls are on that ship with 'em? ;-) I get that the likes of a Frost would be buying large. As Captain of the ship he's doing the right thing in being willing to go down with it. But those big boys/girls...the Vanguards, the Blackrock, the Fidelities and the rest....them? Well....to my mind they're the ones most likely to be shoving the women and children aside and grabbing those (life) boats if'n they felt the ship was going down. And from what I can observe it appears they're still passengers...albeit it's unclear how large their "tickets" might be at this time. Anyway...it's in their nature to be that way, eh? Umm...shoving the women and children aside. Capitalism 101.....yah gotta love it? Anyway....like I said..color me interested to see what happens (to the ship) next.

  • Reply to

    PM $12.68

    by highlowsel Feb 29, 2016 9:18 AM
    highlowsel highlowsel Feb 29, 2016 2:48 PM Flag

    The grind-down took a ratchet step upwards in intensity...and smushed the Pooches nose back to (now) $12.65. The intraday sell side pressure off the earlier high has been relentless.....think I'll run down and wave yet another bid a bit south of .60....unless this pressure abates it seems that's the set-up area...oh...and the Dow is off over 50pts...so...me thinks all of the intraday action is simply a reflection of general market turmoil...nothing specific to BAC...just a guess of course...

  • Reply to

    TRUMP 2016 ! ......

    by qqqlqinvestor Feb 29, 2016 2:33 PM
    highlowsel highlowsel Feb 29, 2016 3:03 PM Flag

    Whew! That's...impressive?

    That's about as American a sentiment as the Statue of Liberty being changed from holding a welcoming torch of Freedom to one displaying a certain finger on the 'ol hands, ain't it? I'm sure your immigrant forefathers...I say this with the presumption that you are not a native American in the original intent of the phrase....I'm sure your forefathers would look "proudly" upon such verbiage coming out of the mouth of one of their descendants. I tell you what...let's do this...let's return the statue to the French....your sentiment means America is no longer suitable to represent the philosophy it expresses. Or at the very least let's erase and change the words on the tablet she holds. You remember...the tablet? The words on it? You know...I'm sure you do...

    "“Give me your tired, your poor,
    Your huddled masses yearning to breathe free,
    The wretched refuse of your teeming shore.
    Send these, the homeless, tempest-tossed, to me:
    I lift my lamp beside the golden door.”

    How about we amend the above to say "Don't bother to come unless you're worth a few billion dollars and can buy a Manhattan apartment (in the sky)?" Would that better serve your sensibilities? It's a land for Elites you know? Speaking of which....guard your back there buddy...the jack boots might be coming for you since it's clear you don't qualify to be an American.... HEH!

  • highlowsel highlowsel Feb 29, 2016 3:13 PM Flag

    Flying: ;-) Actually..I understated the "shoving women and children aside" thought....upon further consideration, and in knowing the breed from a game playing point of view...not only would they be shoving the women and children aside...they'd be planting a ton of short sided explosives all over the deck before they left, too! I'm not judging them, just like one shouldn't go judging a shark in whose waters yer swimming....it's simply their nature to press their advantage.....it's just the way this game of "free market" Capitalism is played. Just don't go bleeding in the waters. ;-)

    Oh...bid $9.45...catching a not unsurprising (to me) lift into close...trading shorts will have been using the earlier dip to cover..go to the sides...after all...if the ship is going down there's be time to reconstitute the position after it starts to list (in AH's). If not...well...the pro's hold no emotional attachment in the tactical aspect of the game....if profit can be hand by being on the buy side...they'll flip to that side. It's all fair....

    Let's see what happens in a bit more than an hours time...

  • Reply to

    PM $12.68

    by highlowsel Feb 29, 2016 9:18 AM
    highlowsel highlowsel Feb 29, 2016 3:20 PM Flag

    Okay...I kind'a got taken by surprise by that yank-down of the last 15 minutes or so....not necessarily unexpected mind you....just....I look away for a few minutes and YANK! So....I'm back in at $12.55 for a buy side trade...by the way...this isn't necessarily a great play considering what I'm now about to say.....on a 5 day chart it's looking like Master is setting up to close that Feb 26th session starting upside gap...which means look for him to take the Pooch back to ~$12.30...not necessarily today...but along with this it appears he is herding the Pooch back to the lower bound of that earlier mentioned downside channel I mentioned on another posting....the bottom of that channel sits south of that line at ~$12.20 today.......

  • highlowsel highlowsel Feb 29, 2016 4:00 PM Flag

    Dtanger: Thanks....you're is the first post I see that bothers to try to qualify expectations. Me I have none (expectations) since I don't have a dog in this race....yet. Just sitting on the sidelines doing the usual eval.....not to belabor the obvious but market forces walked the bid up then rolled over and sold it back down...now churning it back a bit north at $9.32. And that's all that's being done...so far...churn....looks like it's gonna be closed flat...let's see what happens next. G/L if you're playing this...!

MU
12.31+0.36(+3.01%)May 27 4:00 PMEDT