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Micron Technology, Inc. Message Board

highlowsel 1064 posts  |  Last Activity: 10 hours ago Member since: Feb 26, 1998
  • Reply to

    BAC resistance $13.58 /support $12.58...

    by nestofweasels Feb 8, 2016 9:31 AM
    highlowsel highlowsel Feb 8, 2016 9:37 AM Flag

    Once again we're in free-fall. There is no support. Oh...and the Dow is down over 230pts, too. This one is a freakin' horror show from the buy side perspective...that's if the buy side was even show up to observe the carnage...because they're not even there trying.

    Bid now $12.38 and going for the teens...

  • highlowsel by highlowsel Feb 8, 2016 9:34 AM Flag

    Right off the bat...straight (down) out of the gate....Pooch CRUSHES the low....now at $12.46 and being pressured for more......here it comes....here come the $12.teens folks....jeeezus can you believe this?

    Now excuse me while I go play the game being set-up...

  • Reply to

    OVER/UNDER 11 TOMORROW???

    by steve.jobs777 Feb 7, 2016 11:29 PM
    highlowsel highlowsel Feb 8, 2016 9:25 AM Flag

    I think the answer to your question is.......yes? ;-)

  • Reply to

    Right back down

    by highlowsel Feb 8, 2016 7:17 AM
    highlowsel highlowsel Feb 8, 2016 8:36 AM Flag

    By the way..my apologies to Teton, and any reader, of my "nested" comments below. I was curious as to Yahoo's censor patterns. Yahoo would not let me post the entire comment as one posting. So I kept "winnowing" it down and resubmitting to try to find the word, or phrase, that was causing the denial of posting. Couldn't find it....because each fragment posted....so...what the heck, eh? So it goes. (Let's see if THIS posts - heh).

  • Reply to

    Right back down

    by highlowsel Feb 8, 2016 7:17 AM
    highlowsel highlowsel Feb 8, 2016 8:33 AM Flag

    Bid $12.70

  • Reply to

    Right back down

    by highlowsel Feb 8, 2016 7:17 AM
    highlowsel highlowsel Feb 8, 2016 8:32 AM Flag

    Just play your set-ups is all that can be done.

  • Reply to

    Right back down

    by highlowsel Feb 8, 2016 7:17 AM
    highlowsel highlowsel Feb 8, 2016 8:31 AM Flag

    It's not the first time this sort of thing has happened; and it dam sure will not be the last....

  • Reply to

    Right back down

    by highlowsel Feb 8, 2016 7:17 AM
    highlowsel highlowsel Feb 8, 2016 8:29 AM Flag

    Call them reverberations. Essentially the elephants are squealing and careening about inside the games crystal palace...and baby they are making a hash, a royal mess, of a lot of (other peoples) plans.

  • Reply to

    Right back down

    by highlowsel Feb 8, 2016 7:17 AM
    highlowsel highlowsel Feb 8, 2016 8:28 AM Flag

    And so in trying to extricate themselves from the vice-grip of plans gone south they and their machines are roiling everything.

  • Reply to

    Right back down

    by highlowsel Feb 8, 2016 7:17 AM
    highlowsel highlowsel Feb 8, 2016 8:25 AM Flag

    The current situation amounts to this. All the large players of the game, the sovereign funds, et.al. have ensnared themselves in a leverage trap

  • Reply to

    Right back down

    by highlowsel Feb 8, 2016 7:17 AM
    highlowsel highlowsel Feb 8, 2016 8:20 AM Flag

    They use TA as their prime motivator but it's TA on steroids, insanely reactive to any given situation.

  • Reply to

    Right back down

    by highlowsel Feb 8, 2016 7:17 AM
    highlowsel highlowsel Feb 8, 2016 8:19 AM Flag

    The Bot's, the algo's, the HFT's and the rest, working at the frenzied millisecond (and less) speeds.....all of 'em have commandeered the human game.

  • Reply to

    Right back down

    by highlowsel Feb 8, 2016 7:17 AM
    highlowsel highlowsel Feb 8, 2016 8:14 AM Flag

    "Crazy at the speed in which we are dropping."

    Indeed. It's all a hallmark of a game that has, over the last decade or so, ushered in the age of the machine.

  • highlowsel by highlowsel Feb 8, 2016 7:17 AM Flag

    It's setting up to be the same 'ol refrain that's been seen almost every day since this year began. Dow futures off almost 200pts. PM bid for BAC? What do you think? $12.68. All it has to do is be yanked another 17 pennies from here and we're looking at a new 52 week low. Not a far fetched thing when considering how this paper, the sector, indeed the entire market, is acting these days....

    Let's see what actually happens. I've got an open buy side bid waving in the teens....the $12.teens.....you know how Master seems to love those areas.....let's seeee....

    Highlow
    American Net'Zen

  • Reply to

    BAC resistance $13.94 / support $12.54...

    by nestofweasels Feb 5, 2016 9:30 AM
    highlowsel highlowsel Feb 5, 2016 3:29 PM Flag

    Check the volume on the $14 Calls set to expire one week from today. It's ~half the open int. Things that make you go Hmmmmm.....?

  • Reply to

    $13.58

    by teton_mtns Feb 5, 2016 2:17 PM
    highlowsel highlowsel Feb 5, 2016 2:29 PM Flag

    Bid $12.92....it's breaking back down again.....it broke, or is breaking, back below the two session uptrend line....and at this point has given back ~50% of the bounce off the low. No real surprise in any of this. Especially with the Dow also off over 260pts. S&P also off over 36pts. The $64 question is the final hour on options Friday....do shorts cover off this 50% p/b and so pulse everything northward into close?

    Bid $12.94.

  • Reply to

    BAC resistance $13.94 / support $12.54...

    by nestofweasels Feb 5, 2016 9:30 AM
    highlowsel highlowsel Feb 5, 2016 11:47 AM Flag

    Yeah...that was the one. I tend to agree with you regarding guberment being the arbiter. But sometimes, given the reality of the special interests who vie for self-interested reasons to replace guberment (and it ain't got NUTHIN' to do with "free market" principles) I find myself thinking....

    "Yeah...but who's the better alternative? Someone, some entity, motivated exclusively by self-interest and pursuit of maximum profit?"

    We all have endless examples of how well THAT works out. Badly. Not always..but often enough to give pause to those seeing it as a total solution for all perceived guberment ills. It comes to this (for me). It's all part of the never-ending dynamic in our Capitalist society. This discussion...this seeking out of the proper balance for what government and what private industry should/could be doing.....because there IS a role for each.

    Meanwhile Master has succeeded in walking the Pooch back south of $13. Bid $12.98. All of yesterdays rise is almost negated....so forget yesterday...it never happened.....the bid is still wallowing around testing out the bottom that occurred Feb 3. By the way...if you draw a 2 day trendline...one that starts off the ~$12.51 bottom of that date...and use as a second touch point the bounce p/b off that low...which was ~$12.60...and draw it thru end of today you'll see that...surprise surprise...the bid has been walked right down to that line...so that's my set-up....bid bounce off it go long. Bid break thru it go short...

  • Reply to

    BAC resistance $13.94 / support $12.54...

    by nestofweasels Feb 5, 2016 9:30 AM
    highlowsel highlowsel Feb 5, 2016 11:04 AM Flag

    Yah....walking it down. Bid $13.04. Stair-stepping it south using all the tactic's that have become the norm for the sell side....Dow also under pressure (again), being down over 180pts, too. It's all a set piece....one tailor made for the sell side....

  • Reply to

    Starting of with a Yank

    by highlowsel Feb 5, 2016 9:53 AM
    highlowsel highlowsel Feb 5, 2016 10:30 AM Flag

    Bid back at $13.13. It's really being churned....so I'm right back in with another trading "grab" here. See the churn..play the churn....

  • Reply to

    BAC resistance $13.94 / support $12.54...

    by nestofweasels Feb 5, 2016 9:30 AM
    highlowsel highlowsel Feb 5, 2016 10:26 AM Flag

    Oh...and here's something else that'll make you laugh. It involves food stamps. I don't need to rehash all the conservative arguments about the evils of them. I don't have to rehash the liberal side, either. But an idea was presented on Keene's forum that had me all a'giggle. Consider this........yes....food stamps are evil. But not because they allow "wastrel's" and "all those lazy folks" to live on the tax-payers nipple (so to speak). No..the reason they are evil is because....are you ready for this (?).....they act as subsidies to the business community and so allow them to keep wages artificially lower than they would ordinarily be. The government is back-stopping the citizenry, the business community knows this, and so doesn't have to pay a living wage as a consequence. This one had me rolling on the floor laughing at the sheer inversion of the normal argument. It makes a certain, weird, sense, too. And goes far in explaining why you've never really heard all that much, out of the business community, complaining directly, about food-stamps.

    Just more chuckles to contemplate...

MU
10.02+0.33(+3.41%)Feb 12 4:00 PMEST