f40: LOL! Don't follow me. Could be a blind alley? ;-) Anyway....did you like/see that move from just north of .80 alll the way down to ~.54 and now back at .74..all in about half an hours time? There's now kind'a sort'a a reverse head-n-shoulders intraday formation setting up. Given the huge amount of buy side volume it could work out, too. Regardless, one thing is clear (to me)....despite the pps MU continues to run all over the place. Trying to get a read on it is akin to trying to predict what's happening next to a herd of stampeding....cats.
I used the opening pull down to open a position. The bid is running hard with some impressive jumps (so far). In the last 5 minutes a bit more than 1M shares were bought. it's going to $20 if this keeps up apace....though maybe not today. Bid $19.79...
LOL! While I can admire the paranoia of the story (heh) still, you're attributing to the likes of Klarman a hit it to win it trader mindset as if he can move millions of shares around like "retail" moves 10K shares around...and not effect pps and such. Nice story for the paranoid set, though. ;-)
Tiger: Hmmm...the development of a fundamentally new computing architecture capable of performing high-speed, comprehensive search and analysis of complex, unstructured data streams?
The NSA will love it. Heh!
No different from neo-con chicken hawks with their pronouncements of WMD's in Iraq, etc., etc., etc.. The bottom line is regardless of party affiliation, politicians lie, obfuscate, grandstand, befuddle in almost everything they do so long as they perceive a benefit to them and theirs. It's the nature of the political animal, and one you will never, ever, eradicate or change. It's also why they are elected and re-elected time and again by their constituency.
So it goes.
f40: I sometimes play options but seldom when trading. I don't like the wasting aspect nature of that game and the trading time frame I use tends to be too short for it.. Meanwhile, it looks like you're getting your wish....the market is trying to close the bid out south of the $19.50 line. Bid now .47 and being attacked. For now it looks like the market is riding a downtrend line (I'd drawn) off the earlier ~$19.80 high. My WAG is it'll close at ~$19.50 or a bit less. Bid now .47.
Which way will it close? Up, obviously, unless it collapses entirely here. This ain't likely. But there's a battle going on at $19.54 x .55. The ask is taking it on the chin like the bid usually did in prior sessions but holding up well....let's see how it closes..
Since this is my usual 10penny game I've got a stop set just below .50 for now. Bid is $19.55....should it continue upwards I'll ratchet the stop accordingly...
I don't know what your risk profile is, but I'd put a stop at the level you first deemed adequate when you opened the position and just monitor it from here (bid now $3.30). Based on the news it seems the game is "afoot" with this equity. And it appears the game will drive the pps higher unless I'm completely mis-reading the situation. G/L. Let's see where it plays from here (Disclosure I've a sizable basket with a basis well south of $1 so consider the source).
Codi: The bus leaving the station is a market and urban myth/saying. There's no such thing as just one bus. Miss one there's always another coming round...any....don't know from new fab's. The SA write-up made it appear that INTC is playing it very close to their vest in that regard. Regardless I completely discount them buying MU. If they'd wanted MU me thinks they'd have done so at a lower pps and during the hyper cube memory developmental phase..this is all my WAG of course.
In any case given all the recent revelations about various institutions taking or expanding positions I'd say net-net it's all a positive. One could be forgiven for thinking that there's more upside ahead than down. But not without p/b's along the way. Indeed....I just re-entered a trade at ~$19.37 off the quick yankie the market did to the bid from ~$19.80. I think that's a good re-entry though, given it's yet another options exp Friday who can say for sure just where the market will settle the bid by end of session. Be that as it may I do think there's more up than down ahead so can be patient....
Let's see how it plays out into close. Bid $19.37.
Yup...errrr...to L2 showing strong. As for the CCP's economic and social reforms....I'm not sure about that....it's still the CCP ruling everything there. I recommend you read Yang Jisheng book entitled "Tombstone." It's a revelatory read on the period from mid 1950's to mid-1960's in China. It may be different today in some respects.....it's still a CCP ruled system there and so, since politically little has changed, subject to the same flaws as then....
Meanwhile, look'it THAT! Bid $19.70.
Bg4: Sorry...I just noticed my earlier comment wasn't accepted by Yahoo? Part of continuing posting issues. Anyway...I like DRYS continually at current pps or less ($3.10). Longer term it should do okay though, for now, the obvious issues remain....
Okay...nuthin' for nuthin' but it's Friday and time to exercise the bird-n-hand aspect to my earlier ~$18.93 swing "gets." Closed 'em out at $19.32.
Cliff: Indeed. A nice change the past couple three sessions. The bid is back at ~3month high here at ~$17.80. If it can break thru this point then it sets up to test the ~$15 level. A level it has not been north of (in any meaningful sense) since early 2010. So I'm watching that level closely while continuing to trade the long/short set-ups when they signal entries. G/L, let's see how today plays out. PM show $14.83 x .84.