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Micron Technology, Inc. Message Board

highlowsel 1682 posts  |  Last Activity: 17 minutes ago Member since: Feb 26, 1998
  • Reply to

    Nice start...

    by highlowsel 1 hour 52 minutes ago
    highlowsel highlowsel 17 minutes ago Flag

    Closed my NBG at ~$1.21. Too much "bird-in-hand" to ignore. But as we discussed earlier I've full faith in the feed/bite/feed/bite/feed/bite" pattern of Merkel/et.al. It's been clearly evident (to me) the past month or so. Somebody is making some major coin on maximizing the continuance of said pattern is all I can think. So I play along.....I'm now waiting on the next "bite" flowing out of the media orifices to reset another bid....

    But speaking of channel/churn....BAC bid $17.22. I've full faith Master is setting up to take the Pooch back south again, too. So I've run down and opened a low-ball bid just a wee bit south of $17.10. I only give a 50/50 probability on this actually getting hit but....hey...yah gotta play it to....win it? ;-)

  • highlowsel highlowsel 21 minutes ago Flag

    Nest: I think you put too much faith in Uncles ability to meddle. ;-) Me I care less the underpinnings. It's clear all parties, once again, screwed the pooch on this one...you know what? I have full faith it will happen again....and again...and again....and again. Nobody ever seem to learn...

  • highlowsel highlowsel 23 minutes ago Flag

    Hey...of course they will since they're our de facto 51st State. Plus we have any number of domestic hedgies that're now majorly underwater down there. So I suspect hedgie shrieking alone (like all angry children unwilling to take responsibility do) will prompt Uncle to give them proper lunch-money.

    So it always goes....

  • highlowsel highlowsel 51 minutes ago Flag

    In watching the Greek drama I swear the likes of Tsipras, Merkel, et.al. must be playing the markets and strategically coming out "feed/bite/feed/bite/feed/bite" to maximize their self-interest in the game. Not sayin' this is categorically truly....only that...dam if it don't feel that way.

    Puerto Rico? How does a protectorate state (of ours), with a population of ~3.5M people, end up being over $72 BILLION in the hole? Hell, Greece has ~11M people and everyone is in a panic over them being down ~7B? Comparatively speaking I don't get it....where did PR's money go (as a question)? Greece I kind'a get...but PR? That bastion of Capitalism firmly attached to the Mother Ship of Capitalism, the U.S. And they LOSE over 72 big ones? Sumbody needs a spanking on that one, but good.

    China. That's a "good ship" being equally roiled back and forth by System Lord events and such. Just goes to show such market machinations are not a function of political ideology; but more a function of the human animal being driven by greed and avarice. The usual universal "sins" that bow to no ideology of Man's. ;-)

    Ben-Jen? Don't this the wrong way but....who cares? I'm just glad I don't live in a bubble that demands my every fart, hiccup or foible be rudely displayed across the larger human stage. I wouldn't like that much light...and I doubt many actually would....

    BAC bid slipping back a bit...$17.23. Having closed all my trades I've run back down just south of $17.10....on the theory that Master will take Poochie back there after a bit more allowance for play in this zone...

  • highlowsel by highlowsel 1 hour 52 minutes ago Flag

    All the finnies are percolating. WHAT a surprise, eh? And my "let's go play in heavy traffic" get of NBG well south of a buck is....up nicely. All that media inspired Cassandra-like wailings out of all the orifices had the usual effect. So, too, this resultant bounce. Not saying there ain't problems and issues. There are; ton's of 'em. Only saying that the System Lords dearly love to run the herd from side to side on the good ship "Markets." And trust me on this...they are not doing this for the herds benefit. ;-)

    Juuust sayin' is all. BAC Bid $17.27.

    Highlow
    American Net'Zen

  • Reply to

    BAC resistance $17.39 / support $16.61...

    by nestofweasels Jun 30, 2015 9:32 AM
    highlowsel highlowsel 1 hour 57 minutes ago Flag

    But his "charitable trust" can. Hey...in this game where there's a will and a loophole there's a way.. ;-)

  • highlowsel highlowsel 2 hours 1 minute ago Flag

    For now at $17.21 I've closed all open trading tranches. Now gonna wait out this opening....it's almost traditional for opening pop's in this equity to lead directly to YANK. Now watch this NOT be one of those times. ;-)

  • Reply to

    BAC resistance $17.39 / support $16.61...

    by nestofweasels Jun 30, 2015 9:32 AM
    highlowsel highlowsel 2 hours 5 minutes ago Flag

    Bid opening at $17.24 or there'bouts. Yep...good to see that man continues to be the contra-indicator he seems to be....?

  • highlowsel highlowsel 20 hours ago Flag

    No south of $16.80.....yet....but being able to stay north of $17 seems just as problematic. Bid now $17 after reaching, again, the $17.05 area....if this equity were cream I'd say they're trying to churn butter.....the churn has been particularly...excessive, today. The only saving grace is volume is just...average on the day. But we're now going into the final hour....let's see which way this goes...

  • Reply to

    BAC resistance $17.39 / support $16.61...

    by nestofweasels Jun 30, 2015 9:32 AM
    highlowsel highlowsel 20 hours ago Flag

    Well between you and Bac_trader if either one of you are correct there will be happier buy siders than there probably are right now? Excepting those possibly scooping up some longer term cheapies? Anyway...looks like bid is holding well north of your $16.61 support zone. At least...with the bid at $17.03...it is for now....but color me cautious because it takes an hour to run +10pennies north and about 15 minutes to run it back down by equal amounts. That's been the definition of the churn today......let's see how the final hour plays out...

  • highlowsel highlowsel 21 hours ago Flag

    Bac_Trader: You could be right. Let's see how it plays out. For now the bid is catching yet another lift (into a drop?). Now at $17.04 and floating upwards...again...

  • highlowsel highlowsel 21 hours ago Flag

    Bid now again back at $16.95. I've pulled the trigger on the $16.85 "get" since I'm getting my 10pennies. Besides....I just don't trust in the longevity of any of these "surges." They're being manufactured for churn effect. The overall shorter term trend (no pun intended), is down....at least...for now.....

    Think I'll run down south of $16.80 and wave a low-ball bid...just for giggles to see if the afternoon reveals yet another leg down....

  • highlowsel highlowsel 22 hours ago Flag

    Why they should just invade 'em already! Wait....they tried that once...didn't turn out as expected. Nor will any of this drama going on today.

    Meanwhile it looks like MU bid is trying to stabilize here in the $18.70 area (bid now $18.82. Typically after a major slamming event (or pop, too) it takes about 3 sessions to work out all the roiling and the kinks before you get a sense of things. Well...depending on your perspective this could be session 3 post apocalypse (for MU)? I'm beginning to nibble here but with one eye on the continual exogenous events swirling and muddying things on the global stage. If it ain't Greece it's Puerto Rico (with a +72BILLION dollar hole again....and we think Greece is bad. How in the hell did America let that one play out in their own back yard, eh?).

    And if not PR well there's China waiting in the wings....

    So the session +3 idea for MU may be strung out a bit longer than 3 sessions.....we'll have to see.

    Just some thoughts.

    Highlow
    American Net'Zen

  • highlowsel highlowsel 22 hours ago Flag

    Bac_trader: Love the optimism, I do...I really do. But I'm coming 'round to the impression that hitting $18 by September might be fancy talk. That's 2 months out from now. Blow out to a 2 year chart to get a sense as to why.

    On that time-frame it looks decidedly like there's a wide channel within which BAC is being churned. Now granted time changes circumstances which lead to new trading/investing realities but....well....rate increases seem increasingly fanciful talk...and the finnies have had, as you say...an outstanding run. Could it be things are now rolling over and now back to the lower end of the channel we go? Me...I tend to care less because I'm trading BAC day to day....just tossing it out there for thoughts, musings, considerations. ;-)

    Bid $16.87. Watch the way the ask is being used to play the bid.

  • $16.85. They are having one hell of a field day churning this equity today. And in playing it over and over again so, too, am I. Now back in yet again at this line just playing the trading game, even though I expect Master to take this bid south of $16.80 so long as the intraday continues apace...the buy side just ain't showing up...but again it's stagger your entries and exits as a tactical style...

    On a larger note....say a 2yr chart note...I'm coming around to the impression that we saw the high in this equity in early January. On a 2 year time-scale it looks like the bid is being continually churned in a somewhat wide channel. It's being churned....now THERE'S a surprise to those that've followed this one for any length of time.

    Just some thoughts while watching them play the Pooch to high heaven...

    Highlow
    American Net'Zen

  • highlowsel highlowsel 23 hours ago Flag

    And think a bit further...Puerto Rico is ~76 BILLION in debt. Interesting how the media seems to have overlooked the situation until...yesterday.? Meanwhile BAC bid again getting the usual sell side tactical bludgeoning. Now again back at $16.88....

  • Reply to

    PM Bid $17.03.

    by highlowsel Jun 30, 2015 9:04 AM
    highlowsel highlowsel 23 hours ago Flag

    Bid $16.95. Master is doing a good job of keeping the Pooch's head south of $17. He's allowing for massive churn but all to no overall effect on bid. Why am I not surprised....

  • Reply to

    PM Bid $17.03.

    by highlowsel Jun 30, 2015 9:04 AM
    highlowsel highlowsel Jun 30, 2015 11:12 AM Flag

    Nest: You can be forgiven for not realizing the PR mess. Although it's clearly been building for a time at least as long as Greece it's "funny" how the media didn't bother to cover it....at all. So now they're acting all surprised and such. Like nobody bothered to catch the fact that a flood of PR immigrants have been pouring in and such? Not that this is the issue....it's more the issue that here well within our American sphere of influence it's clear that we, too, can be as inept as our European brethren. Hey...it's a global financial system we've built...so though it's increasingly better viewed a "chitty chitty bang bang" machine it's clear that all players and partners therein can act in problematic and irresponsible fashion.

    In effect the old Latin adage of Caveat Emptor applies with our Financial system, eh?

    So it goes....

  • Reply to

    PM Bid $17.03.

    by highlowsel Jun 30, 2015 9:04 AM
    highlowsel highlowsel Jun 30, 2015 10:26 AM Flag

    Earnings is on July 15 before session open? That's if my data is accurate. Jeeez that's a Universe of time to take the Pooch all around the barn and back....10 times worth, too. And so long as Greece and PR (less so China but you can throw them in there, too) remain as they are......well....there's all the FUD necessary to drive the process of around the barn and back and around it again....and again....and again....

  • Reply to

    BAC resistance $17.39 / support $16.61...

    by nestofweasels Jun 30, 2015 9:32 AM
    highlowsel highlowsel Jun 30, 2015 10:15 AM Flag

    Yeah well now the Media Cassandra's are all about Puerto Rico and beginning to tune up their wailings about impact to US Bonds, etc....it never, ever, ends does it?

MU
18.83-0.01(-0.05%)11:39 AMEDT