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Micron Technology Inc. Message Board

highlowsel 825 posts  |  Last Activity: Apr 18, 2014 8:54 AM Member since: Feb 26, 1998
  • Reply to

    DIVY hike this week---.18 per quarter

    by davidsonisaackson Mar 23, 2014 10:31 AM
    highlowsel highlowsel Mar 23, 2014 12:01 PM Flag

    While I like your thinking I also got to say there's not a chance in hell of this happening in the next 6 months....

  • Reply to

    russia+crimea=mexico+arizona

    by enj0y1ife Mar 22, 2014 10:02 AM
    highlowsel highlowsel Mar 23, 2014 8:13 AM Flag

    More like Mexico+Texas. HEH!

  • Reply to

    New Poll Results Prove Teabaggers Are Morons

    by kooper156 Mar 21, 2014 7:55 PM
    highlowsel highlowsel Mar 23, 2014 8:12 AM Flag

    Poll Results. People who post OT drivel on these forums are morons. HEH!

  • Reply to

    Oh gee, I didn't see that drop coming

    by mikerogo444 Mar 21, 2014 3:49 PM
    highlowsel highlowsel Mar 21, 2014 4:04 PM Flag

    Nah..no point in deliberating the merits of collusion and evil intents. So long as you play this game the action is what it is and you cannot effect it. Just note that not only is it weekly opt's expiration but it's also a Triple Witch....which might account for some of it. Regardless, for the week BAC closed up and that's what counts...

  • Reply to

    Thar she goes

    by calavery5566 Mar 21, 2014 2:23 PM
    highlowsel highlowsel Mar 21, 2014 3:52 PM Flag

    Bid now .56. Master is taking Poochie as close to .50 as possible....lot's of Masterly headfakes to pull in the buying......I still think this thing closes at .60 since that's about where the intraday downtrend line looks to end the session.....and with the bid now .59 the HFT's, Algo's and such, might very well be keying off it, too. But let's see how the final 10 minutes go...it's been all down all day in inexorable fashion....let's see if there's a pressure release or clamp down into the close....

    By the by....the uptrend line of the old ~$16.19 line today sits just north of $17.30 (at close). So overall the pps is still on the uptrend....

    Bid still .59......showing large and ask fading....but we've seen this intraday movie all day...

  • Reply to

    Thar she goes

    by calavery5566 Mar 21, 2014 2:23 PM
    highlowsel highlowsel Mar 21, 2014 3:42 PM Flag

    If you've been monitoring the intraday and that intraday downtrend line then you knew this was inevitable.....Poochie is being Masterly constrained...

  • Reply to

    Final half hour

    by highlowsel Mar 21, 2014 3:39 PM
    highlowsel highlowsel Mar 21, 2014 3:40 PM Flag

    Bid now .57....going for the round number....50. Classic jam job into close...

  • highlowsel by highlowsel Mar 21, 2014 3:39 PM Flag

    Staying nailed to that downtrend line....a close at .60 or less seems ordained.

  • highlowsel highlowsel Mar 21, 2014 2:40 PM Flag

    Only seems that way...the last two weeks (this being the third) look that way..but the larger view is.....take the view of the random walk....you have ups...you have downs....you have all arounds. ;-)

  • Reply to

    Bid $17.69

    by highlowsel Mar 21, 2014 9:41 AM
    highlowsel highlowsel Mar 21, 2014 2:20 PM Flag

    I don't really see BAC as a divy play. Overall I see it as a undervaluation play. Undervalued, in the eyes of the market, when juxtaposed against its peer-group. That's overall. The intraday action today is probably a bit of "stress test" stuff and Options stuff. The volume on today's $18's (58.7K) and $17.5's (+20K) is huge. Mischief there translates into the action seen? Just a WAG of course.

    For now I'm watching Master walk Poochie according to an intraday downtrend line off of ~$18. The machines and such must use similar TA metric's because dam if that bid ain't being managed in accordance with it. I won't be surprise to see the bid get yanked to ~$17.50 before the session ends....regardless, still nicely up for the week.

    About TSLA. Yah....I think I mentioned waaaay back when it was getting toppy that I went short at ~$260? My out target was $200 or less. So far so good on that get....current bid is $230.91. Don't get me wrong....I like the company...it has great potential..but the pps has gotten waaaay ahead of fundamentals...a pull-back was about as inevitable as inevitable gets. Errrr...to me anyway.

    BAC bid now $17.62. Setting up to break below .60...in keeping with Master holding Poochie south of the downtrend line.

  • Reply to

    nearing support level to be tested. 17.60

    by crunchy14u Mar 21, 2014 1:52 PM
    highlowsel highlowsel Mar 21, 2014 2:10 PM Flag

    Here's an interesting aspect of the intraday if'n you're into TA. Pull up an intraday chart. Draw a downtrend line off the high of ~$18, set the second "touchstone" at ~$17.92 - which is about where it bounce topped after the first yanked to ~$17.63 - then draw the line downward into close. You'll notice that Master keeps yanking Poochie away from that line then lets Poochie run back to it. Yank, run, yank, run...the most recent yank was just a couple of minutes ago when Poochie was allowed to run to the ~.73 area.

    The bid is, so far, following the intraday down-trend line. It's now at .66. Time here at ~14:00 (east coast time) for at least two more run yank run's.....by the way...if it follows the intraday into close that means the bid ends the day at ~$17.60. This seems terrible, terrible...until you look at where it was start of Monday. Just south of $17. Context...everything is context, eh? Heh!

  • highlowsel highlowsel Mar 21, 2014 10:20 AM Flag

    Kind'a like mandating life boats, one for every single person, on a Carnival ship, eh? Don't want no risk do we? Heh!

  • highlowsel highlowsel Mar 21, 2014 10:19 AM Flag

    I've noticed that GS is not as good on their game as they used to be. File it under the category of being a Master of the Universe when nobody understands what you're doing....but once you stand revealed (from behind the curtain) your game naturally declines....all a reflection of the declining influence zero-sum game of powerfully successful (in the past) institutions. This ain't to say they ain't still a player. Far from it. Only that...well...GS....we SEEEEE YOOOOUU peeking out from behind that curtain! ;-)

  • Reply to

    Stop this Poitical Garbage

    by barash1959 Mar 20, 2014 5:18 PM
    highlowsel highlowsel Mar 21, 2014 10:13 AM Flag

    Suggestion? Put every single ID that opens OT commentary on ignore. After a while all of that stuff fades away and you're left with those who are interested in BAC and its merits.

    A side benefit of this is you'll quickly find that those you ignore are doing the very same types of OT stuff on a variety of other boards. I suspect there's a concerted group of individuals doing this. I've taken to calling them cyber-tribes (if you will). They wander these threads throwing stuff at each other. All others non-tribal affiliates are collateral damage (so to speak). So in ignoring them here you winnow down the OT commentary on any other threads you follow, too. ;-)

    Current Bid $17.68.

  • Reply to

    Bid $17.69

    by highlowsel Mar 21, 2014 9:41 AM
    highlowsel highlowsel Mar 21, 2014 10:01 AM Flag

    I'd like to think it won't last, too. But in this game you have to define what "won't last" means to Master. Heh! Anyway....there was no way the bid was going to hold up under the initial selling wave. On the intraday 5min chart everything started off with a 20M wave of share selling...interestingly it took the bid right back to the same general area (the $17.60's) within which it struggled yesterday after it's first surge.....let's see if there's a rebound....my WAG is there will be one....but Master has a mind all his/her own in these matters. Bid now $17.71....no...just like that YANK, .68. It's gonna be a chaotic "random walk" today me thinks....especially when you juxtapose the action against todays weekly opt's exp...

  • Reply to

    Why is BAC tanking today?

    by pete4563 Mar 21, 2014 9:47 AM
    highlowsel highlowsel Mar 21, 2014 9:51 AM Flag

    Overall I'd say it's the usual case of buy the rumor sell the fact. What you're watching is the trading impact of that philosophy. Nothing significantly amiss was revealed in the last 24hrs so the "take the money and run" crowd is busy doing just that. Presents, imo, a prime opportunity if you're playing the classic long game. And on the over-react it presents a trading opportunity, too. Bid oversold here at $17.65...

  • highlowsel by highlowsel Mar 21, 2014 9:41 AM Flag

    Master looks to have decided to garrot Poochie here at the get-go. It's been all sell-down from the ~$17.95 open. Very well oversold here so I'm adding a trading tranche here.

  • Reply to

    BAC is not getting out of TEENS in 2014

    by runalailaz Mar 21, 2014 6:59 AM
    highlowsel highlowsel Mar 21, 2014 7:27 AM Flag

    Never engage in absolutes when playing this game. PM Bid at $18.

  • Reply to

    Bleeding....

    by stanlaurel6565 Mar 20, 2014 3:07 PM
    highlowsel highlowsel Mar 20, 2014 3:09 PM Flag

    Been on a hell of a run all day. It was bound to p/b if $18 proved out as resistance. Which it so far has. Bid $17.83. Still up, for now, ~40pennies. We're now into the final hour. Let's see if Master continues to pull Poochie back in close or does what was done yesterday...let Poochie run into close....

  • Reply to

    Hi Low Where we at?

    by gotelk44 Mar 20, 2014 9:39 AM
    highlowsel highlowsel Mar 20, 2014 1:09 PM Flag

    Gotelk, Codi, et.al.: I think I mentioned the other day about the shorter term TA chart showing what appeared to be a reverse HnS formation setting up. The prior basing to be construed as (then) setting up the right shoulder? Well....yesterday and so far most definitely today that reverse HnS is resolving in dam near classic fashion. Bid now $17.91.

    So...resistance level? I'd say $18. But the truth of is that the pps is now at leves unseen in the better part of 5 years.....so we be in rarified air. If it can clear $18 on volume then it's open field running so long as general economic climes and world events to do a blind-side tackle. I've maintained a very old, longer term basket of long side goodies (from the ~$4 line) plus obviously have traded around that core basket. I see no reason not to continue hold the basket, and trade apace....I think we're entering a period where Master juuuust might let Poochie run...especially if the Fed's continue to taper...it should play favorably to the entire sectors strengths....

    But it won't be straight up. It never is. But the uptrend remains intact...

    Just some thoughts...

    Bid now $17.95...

MU
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