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Micron Technology, Inc. Message Board

highlowsel 996 posts  |  Last Activity: 8 hours ago Member since: Feb 26, 1998
  • Reply to

    Free fall..

    by highlowsel Feb 3, 2016 9:55 AM
    highlowsel highlowsel Feb 3, 2016 10:14 AM Flag

    Bid $12.55...there's my $12.50's WAG....hell.....Master....I was just joking....kind'a sort'a.....about this....geeezus....

  • Reply to

    Wow!!! Just. Wow!!

    by koppedashnook Feb 3, 2016 9:57 AM
    highlowsel highlowsel Feb 3, 2016 10:12 AM Flag

    Banks themselves are NOT in trouble. Circa end of 2008 they were in trouble but now? Not so much. The game is one of perception...and the global perception is that rates will not be as beneficial as thought....and the market is throwing all bank paper straight out the window. I am clueless as to when it will abate...it's happening in "Fast and Furious" fashion right now....

    Bid just broke to $12.56.....

  • Reply to

    11.5-12 is coming soon..

    by invest75 Feb 3, 2016 10:07 AM
    highlowsel highlowsel Feb 3, 2016 10:09 AM Flag

    Probably by tomorrow at this rate.....wow indeed.

    Bid $12.64 and being eviscerated...

  • Reply to

    Bid $12.97

    by highlowsel Feb 3, 2016 9:38 AM
    highlowsel highlowsel Feb 3, 2016 10:08 AM Flag

    Now flirting with being down 5% on the intraday. From ~$14 to ~$12.60 in less than two sessions. That's nothing short of impressive (no pun intended).

  • Reply to

    Bid $12.97

    by highlowsel Feb 3, 2016 9:38 AM
    highlowsel highlowsel Feb 3, 2016 10:06 AM Flag

    I flipped to a short position in a different account I use only for tactical shorting....did that at ~$12.88....closed it at $12.63 and watching....to see where this nuttiness goes....this smells of capitulation but let's see....

    Bid $12.69.

  • Reply to

    30 million shares in 30 minutes

    by teton_mtns Feb 3, 2016 10:01 AM
    highlowsel highlowsel Feb 3, 2016 10:04 AM Flag

    Yeah...~1M shares a minute. ALL selling....well...mostly....I think this is the capitulation phase...at least..the beginning part of it. The selling is only accelerating here..probably a host of stops being run....bid $12.68 and heading for $12.50.

  • Reply to

    Free fall..

    by highlowsel Feb 3, 2016 9:55 AM
    highlowsel highlowsel Feb 3, 2016 10:01 AM Flag

    No support indeed. Bid now $12.72. Volume at +31M and accelerating. This could be the capitulation phase being entered....everyone is dumping and nobody is buying....

  • highlowsel highlowsel Feb 3, 2016 9:57 AM Flag

    None of this matters right now. BAC is being flushed....along with the sector....Bid $12.80.

  • highlowsel by highlowsel Feb 3, 2016 9:55 AM Flag

    Bid $12.83.....no support folks. None. Zippo. Zilch. Nada. Pick yer term it doesn't matter....the buy side has left the building leaving it wide open to a full on sell side assault. Here comes the $12.50's....

  • Reply to

    Bid $12.97

    by highlowsel Feb 3, 2016 9:38 AM
    highlowsel highlowsel Feb 3, 2016 9:53 AM Flag

    Bid $12.88. The only word I can think of about this is.....Wow. I may have to flip to a short position (using a different account) if this thing can't get back on top of $13. Because if it can't then there's a real threat of this thing losing fully half it's 52 week high valuation...which would place the bid back down in the high single digits. This is an amazing thing to consider in light of where the bid sat back in early December....I don't recall ever seeing anything quite like this....excepting the 2008/9 debacle period...but then there was a rational expectation.....this is all happening solely due to....oil? I mean...what the....?

    Bid $12.85.

  • Reply to

    BAC resistance $13.99 / support $12.75...

    by nestofweasels Feb 3, 2016 9:30 AM
    highlowsel highlowsel Feb 3, 2016 9:50 AM Flag

    Nest....think Japan, basically from the 1990's to date. That's the fear that's starting to become pervasive...Japan walked into a deflationary trap back then....the U.S. poo poo'ed them incessantly back "in the day." So what happens? We've walked into the same exact trap....done "American Style."

    Bid $12.88. No floor...no support on bid....it's being systematically eviscerated.....

  • Reply to

    BAC resistance $13.99 / support $12.75...

    by nestofweasels Feb 3, 2016 9:30 AM
    highlowsel highlowsel Feb 3, 2016 9:48 AM Flag

    New 52 week low hit at $12.90....I stand by my WAG assertion at yesterdays close.....this thing is going for $12.50......there is zero support and nothing stopping this never ending selling....

  • Reply to

    Bid $12.97

    by highlowsel Feb 3, 2016 9:38 AM
    highlowsel highlowsel Feb 3, 2016 9:45 AM Flag

    There are times when the actions of the herd are just straight up dumb. What I'm seeing in the action (so far) is beyond dumb. It's straight up stupid. Not that my opinion means anything. You'd think the company has declared BK, or it's 2008 all over again the way the action is eviscerating the bid......pure and simple the equity is being dumped...it's at a 52 week low...it's threatening to go to a +2yr low...and STILL the selling is dumping the paper. Did I miss a news release or something? It's ridiculous.

    Bid $12.90, already down ~2.5% and heading for $12.50 today..

  • Reply to

    Bid $12.97

    by highlowsel Feb 3, 2016 9:38 AM
    highlowsel highlowsel Feb 3, 2016 9:39 AM Flag

    Bought a trading tranche at $19.97.

  • Reply to

    Bid $12.97

    by highlowsel Feb 3, 2016 9:38 AM
    highlowsel highlowsel Feb 3, 2016 9:39 AM Flag

    Bought a trading tranch at $12.97. This might be stupid...but so, too, is this never ending sell side assault. Play the churn.

  • highlowsel by highlowsel Feb 3, 2016 9:38 AM Flag

    Dow up +70pts....doesn't matter. BAC is heading to a new 52 week low...

  • highlowsel highlowsel Feb 2, 2016 4:41 PM Flag

    The thing about that "loan" comment is how insulting it is. By standing there with such a bald-face comment he's clearly revealing that he thinks the average American is a stupid noob. That we have "stupid" tattoo'ed on our collective foreheads. Unfortunately Iowan's just validated that opinion, too, so you can expect him to continue to conduct himself along these lines. Let's see what NH does to him.

    But we shouldn't be surprised by such as this. We shouldn't be surprised by anything he and the rest will do. He's a lawyer. A Haaavard lawyer. A member of the Elite group who feels they run the country (see the 60 Minutes expose of last Sunday). So of course he's bound to pontificate and obfuscate at all times. It is all he knows how to do. It is all he is. Hell it's WHO he is. About as far from a Christian's ethos as I would be should I attempt to throw the Empire State Building across the Hudson River.

    So it goes...

  • Reply to

    Bid $13.16

    by highlowsel Feb 2, 2016 2:12 PM
    highlowsel highlowsel Feb 2, 2016 4:27 PM Flag

    And if that happens it'll place the value lost from the high of ~$18...which was touched less than two months ago....at closer to 50% than 40% lost....that's an impressive rout in anyone's book....

  • Reply to

    BAC resistance $14.24 / support $13.66...

    by nestofweasels Feb 2, 2016 9:31 AM
    highlowsel highlowsel Feb 2, 2016 4:19 PM Flag

    I'm gonna go out on a limb. Look for Master to take the Pooch to a new 52 week low tomorrow...after that look for a test of $12.50 and then $11.50 (with a stop to flirt with the $12."teens" per the usual pattern) as the hunt for a bottom continues....not all in one day mind you....but it seems the pattern for 2016, at least the first half of it, is set. January was instructive. The character of the intraday action is solidified.

    It's a (down) stair-case step function. And with nothing "out there" appearing to set up a change in that function there's only one way Master is going with the Pooch....yes there will be rally's...yes there will be days the Pooch appears free...but the direction seems set, and it is down....and remember...Master seems to love "the teens." $13.teens fail then look for $12.teen's...if $12.teens fail look for the $11's. I'm not saying it is ordained to do this...only that given the action to date it cannot be discounted....bottom line? You can dam near forget this pps hitting analyst (current) targets for this year....

  • Reply to

    Going Long Here 13.15 - 13.20

    by windfall8888 Feb 2, 2016 3:31 PM
    highlowsel highlowsel Feb 2, 2016 4:04 PM Flag

    I tend to agree. Look at the 10yr yield. Look at the market. They're acting like there won't be any more rate increases this year. It's done. And if it is...then there's not much energy available for upside running.....but it's all a matter of perspective...if you're looking outwards of 5 yrs then today's action is simply noise.....but then again...if we're truly in a deflationary environment....then dam near all bets are off....who the hell knows where this will go? Bottom line? Don't paint yerself into any leveraged styled corners....do that in an up cycle...never in a down...unless....you're playing the short game...in which case load up!?! :P!

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