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Micron Technology, Inc. Message Board

highlowsel 933 posts  |  Last Activity: 22 hours ago Member since: Feb 26, 1998
  • Reply to

    Put it on your chart

    by highlowsel Feb 2, 2016 9:46 AM
    highlowsel highlowsel Feb 2, 2016 10:40 AM Flag

    Big oil player going under? Oh now you just GOT to go and throw that idea out there? :P! ;-)

    Bid $13.36...here come the low .30's and probably the high .20's....once more the buy side is just standing aside letting the selling dictate.....oh...and as usual the Dow is off over 220pts again, too. The January "effect" is continuing unabated into Feb......

  • Reply to

    Put it on your chart

    by highlowsel Feb 2, 2016 9:46 AM
    highlowsel highlowsel Feb 2, 2016 10:31 AM Flag

    I've been adding to intermediate term positions all across the Finny complex. And just for some "oom'" I also just added some XLF at a bit north of $21 to my tactical positioning in the sector....I'm clueless as to when this nuttiness ends....but it will end eventually...and now's the time to be playing the set-ups toward that eventuality...errrr....all just my opinion of course....

  • Reply to

    Put it on your chart

    by highlowsel Feb 2, 2016 9:46 AM
    highlowsel highlowsel Feb 2, 2016 10:26 AM Flag

    Nest: Agreed. But what's going on has less to do with exposure to the energies and more exposure to the sheer dynamic of the overall market. BAC is one cow (or Poochie) in the herd....and when the herd moves en mass it can do no other than follow....and follow is exactly what's happening...here in the last 6 minutes there have been a series (on the 1 minute chart) +1M share spikes hammering the bid southward. The sell side is attacking with a vengence....and the bid keeps collapsing under the assault. Now at $13.39 and having yet another one of those ~4% downbubble days. Bid's given up +50% of the rise off the ~$12.95 lows and going for more give-back. Even so.....I've added another trading tranche here.....I can ride this nuttiness out....

  • Reply to

    $13,50

    by teton_mtns Feb 2, 2016 9:09 AM
    highlowsel highlowsel Feb 2, 2016 10:16 AM Flag

    I'd say wait....funny of me to say this given my earlier grab...but once again Master is on a sell side rampage...I suspect he's gonna take the pooch back down towards the $13.30's...again....it'd be nice if the $13.50 line proved out as support....but given the overall market and the stupid correlation it is maintaining with the oil complex...well...this nuttiness doesn't appear to be waning....at all....

    $13.50 just broke...bid $13.47 and heading down under ferocious sell side pressure of the tactical sort that's become routine.....

  • highlowsel by highlowsel Feb 2, 2016 9:46 AM Flag

    Upside resistance is firmly at $14. I expect to see it spend the rest of the first quarter getting north of that line. At least...so long as the overall market nuttiness and association with the energy complex remains so heavily (+90%) correlated...

    Bid $13.57.

    Highlow
    American Net'Zen

  • Reply to

    $13,50

    by teton_mtns Feb 2, 2016 9:09 AM
    highlowsel highlowsel Feb 2, 2016 9:41 AM Flag

    And tI just grabbed a trading tranche at $13.54, even though I think Master is taking the pooch to your mark. Once again aided and abetted by a market that also cannot get out of its own way (Dow off over 220pts at this writing). Again due to an association that is leaving the pro's gobsmacked....oil. I'd say this is getting tiresome...but making trading profits on the roiling and endless churn is never such....

  • Reply to

    Master acts predictably..

    by highlowsel Feb 1, 2016 10:13 AM
    highlowsel highlowsel Feb 1, 2016 3:20 PM Flag

    Bid $13.95 and being supported with a large show on the bid. Even so this is a trade that#$%$ my mark so I am OUT the .80 "get" here. I'll take the 15 pennies and call her "dun." ;-)

  • highlowsel highlowsel Feb 1, 2016 1:07 PM Flag

    Nxy: That was my main take-away from the piece. The ABA basically is blocking any attempts at reforming money laundering laws because...it takes away their major bread-n-butter source. It's hilarious...in a "follow the money" kind of revelation. And speaks volumes about the relationship between legal, business and government. To paraphrase an old quote...

    "Oh what a tangled web they weave, when they begin to lobby and deceive."

    So it goes in America.

  • Reply to

    Master acts predictably..

    by highlowsel Feb 1, 2016 10:13 AM
    highlowsel highlowsel Feb 1, 2016 1:02 PM Flag

    Bought another tranche at $13.80. As usual downside in BAC is a magnified aspect of the sector...which is doing the same thing (being walked south) but in less forceful a fashion. In a turn of phrase...chug and churn. No surprise in this for those following the equity...

  • Reply to

    Master acts predictably..

    by highlowsel Feb 1, 2016 10:13 AM
    highlowsel highlowsel Feb 1, 2016 12:58 PM Flag

    And Master here at the noon-time hour has been busy walking the Pooch south...closing the gap from Friday...on a two day chart, using the Fibs (~$13.25 to ~$14.12) he's managed to bring the Pooch to the 38.2% retracement line of ~$13.81. Bid is at that line right now. If he breaks it...and most likely that is his intent...I suspect a continuation of the walk-down...probably back into the $13.60's. It's well oversold here, so it's a WAG...but this IS BAC...and we know how easy it is to walk the pooch south...and how hard to maintain any upside. Bid now $13.80. Let's see if he continues apace...

  • Reply to

    Master acts predictably..

    by highlowsel Feb 1, 2016 10:13 AM
    highlowsel highlowsel Feb 1, 2016 10:46 AM Flag

    Jopeza: On the intraday I tend to use 1 min RSI's. For MACD I tend to use a Fast EMA of 12, Slow of 26 and a signal of 9. I also juxtapose this against Stoch's with break-out signals (which are a favorite of mine used when trading). You can vary all indicators on the intraday in accordance to your perspective...which is why TA is more an art than science. Errr...imo. By the way...from a retail perspective I've found Tos (TDAmeritrade's Think or Swim system) to be quite good....though the bulk of my trading game runs thru Bloomberg terminals and the like....

    Bid $13.95....looks like some consolidation is going on in the $14 area...not surprising given last Friday's surge...

  • Reply to

    Master acts predictably..

    by highlowsel Feb 1, 2016 10:13 AM
    highlowsel highlowsel Feb 1, 2016 10:36 AM Flag

    Got my 10pennies on the first get...and just like that....Master yanks the Pooch again back to $13.92...so back in again playing the churn....though I suspect this time he'll try walking the animal into the $13.80's....I say this just based on the usual show of the sell side tactical game that's being evidenced right now...

  • He usually starts yanking the Pooch in the latter portion of the first 30 minutes of a new session. Sure enough...so I'm in for the usual +10penny trade at ~$13.94...just the logic of seeing the churn and playing it...

    Highlow
    American Net'Zen

  • highlowsel highlowsel Feb 1, 2016 9:59 AM Flag

    Indeed...and as was pointed out in the 60 Minutes piece it's also why the money laundering laws in our country are so weak....the ABA (American Bar Association) participants make HUGE monies collecting fees and such for aligning their clients to laws made by...them....so any attempt at laundering reform in the House/Senate is blocked. Unlike in Europe where their version of the ABA is actually in agreement with reformation. So...going back to the killing all lawyers idea.....

  • highlowsel highlowsel Feb 1, 2016 9:14 AM Flag

    Not to go OT but did you or anyone catch the 60 Minutes "sting" piece last night where they under cover video taped speaking to attorneys about how to best launder international monies back into the States? Quote from one of the attorney's stung...right on video..."We're the privileged group in this country. We rule it. We make the laws, and we in doing so we make sure they favor...US."

    I had to laugh at the sheer honesty of it. Is it any wonder our Senate and House are dominating by those of that profession? So...a bit out of context but this is why there's little wonder at the sentiment best expressed by 'ol William of the Shakespeare tribe:

    ""The first thing we do," said the character in Shakespeare's Henry VI, is "kill all the lawyers."

    Indeed. Oh...meanwhile...PM bid $14.02.

  • Reply to

    Stuck my toe in this AM

    by eternal_optimist Jan 28, 2016 7:06 PM
    highlowsel highlowsel Jan 30, 2016 9:56 AM Flag

    test

  • Reply to

    BAC resistance $13.95 / support $13.05...

    by nestofweasels Jan 29, 2016 9:23 AM
    highlowsel highlowsel Jan 29, 2016 4:14 PM Flag

    Well.....that ended well? Maybe there's hope for the 'ol Pooch yet. Still thinking that revising yearly targets down a notch or two is the best strategy....but....in any case...anybody who jumped in south of $13 must be thinkin' they're real Masters of the Universe right now, eh? ;-)

  • Reply to

    Cartel still opting to block bid.....

    by hopechange4got Jan 29, 2016 10:45 AM
    highlowsel highlowsel Jan 29, 2016 11:49 AM Flag

    Yeah...but don't forget the tune to which Master is dancing the Pooch is the Texas two step....two steps forward, one step back and then two steps forward....repeat ad nauseum, with the occasional shimmy and shake thrown in just to entice and seduce. ;-)

    Bud $13.67

  • Reply to

    Cartel still opting to block bid.....

    by hopechange4got Jan 29, 2016 10:45 AM
    highlowsel highlowsel Jan 29, 2016 10:52 AM Flag

    Dime? 10Pennies?!? Who....meeeee? ;-)

    File it under "See the churn; play the churn."

    Speaking of which...bid $13.71. Notice Master appears to be now reversing the down stair-step function. The escalator....she now be goin'...up!?

  • Reply to

    BAC resistance $13.95 / support $13.05...

    by nestofweasels Jan 29, 2016 9:23 AM
    highlowsel highlowsel Jan 29, 2016 10:41 AM Flag

    Could be. He's re-engaged the tactical selling gambit, with "prejudice" it seems since the bid is being hammered without mercy. Now $13.61. It never ceases to amaze me how easy it is to move the bid around on, to control, this equity...a piece of paper with a +10B share float....you'd think it'd take a bit more ooomph to do it....but with machines you just "set it and forget it?" ;-)

    Regardless..yet again I'm playing the yank...opened a tranche at ~.63....just looking for the usual +10 pennies...

MU
11.00-0.23(-2.05%)Feb 5 4:00 PMEST