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Micron Technology, Inc. Message Board

highlowsel 942 posts  |  Last Activity: 8 hours ago Member since: Feb 26, 1998
  • highlowsel highlowsel Jun 10, 2016 11:04 AM Flag

    All across the market the path of least resistance is down. OPK is just following the overall market. Markets are very frothy and toppy; and we're looking at the dog days of summer, too. Plus all the self-annointed pundits of the "know" in this game keep shrieking "market rollover, market rollover" Cassandra-style. Sooooooo....best to ease up on any buy side strategy....it's not that OPK doesn't have potential...it does...but as a story stock waiting on the final go from the Fed...one which won't be happening until October....well...did I mention following the overall market? ;-)

    Bid $9.34.

  • Reply to

    Obama endorses a felon.

    by a_wallstreet_fraud_alert Jun 10, 2016 8:12 AM
    highlowsel highlowsel Jun 10, 2016 10:40 AM Flag

    Not to get into this but there you go espousing the Trumpsters lying character. Felon?

    Definition of a felon: A person who has been convicted of a felon, a crime.

    Key word in that definition? CONVICTED. Last time I looked the Clintonistas haven't been so convicted...of anything (other than stupidity).

    But your comment is why I've basically turned off all media and such....the lying, the obfuscation flowing out of all media orifices, is reaching epic proportions on both sides. And we aren't even close to voting yet. I've had enough. I've decided and I'm turning all the orifices off.

    So let me state clearly where I stand. I will not vote for Trump. He does not have the character I look for in leadership. Conversely, and admittedly, I cannot vote for the Clintonistas, either, though in all honesty they might be okay at the role (when juxtaposed against the alternative). This is because I simply do not like the couple...just in case you couldn't (heh). Which means I get to expressed a George Carlin attitude about this circus that's come to town with its tent now unfolding into the show that's to come....It's a global circus....and we Americans are in the front row seats...so enjoy the show and all the performances. It promises to be...memorable?

  • Reply to

    anyone buying

    by harrytcpw Jun 10, 2016 9:15 AM
    highlowsel highlowsel Jun 10, 2016 10:08 AM Flag

    I'm holding an open short side trade originated just a bit north of $14. So forgive my chant to Master...."Go ahead and throw the Pooch into the deep end of the pool with the boat-anchor attached!" The Pooch is now floundering at $13.87....

  • Reply to

    anyone buying

    by harrytcpw Jun 10, 2016 9:15 AM
    highlowsel highlowsel Jun 10, 2016 9:44 AM Flag

    Nest: True enuf....I guess I should have disclosed that I'm speaking from the tactical short side of this game...I'm deploying shorts all across the field of play...

  • Reply to

    anyone buying

    by harrytcpw Jun 10, 2016 9:15 AM
    highlowsel highlowsel Jun 10, 2016 9:30 AM Flag

    Like every other time, eh? Okay...so what are the odds that THIS time there is no bounce? The dog days of summer are arriving, and overall markets are very frothy and toppy...which tells me the set-up is to play a general roll-over and pull back all cross the board.

    If this happens...and since the Finny's are clearly not loved...well....what're the odds that an approximate test of the current 2016 low, which occurred a little over one month into the start of the year..is setting up? One thing is clear as a point of reference...run a Fib "fan" on that year starting low to the top of the bounce it hasn't been able to get north of...that is..from ~$11.15 to ~$15.15. Check where the critical 38.2% retracement line of that fan sits....it sits at ~$13.65. PM bid right now is $13.97....I suspect Master is gonna take the Pooch to that 38.2% line...and if he breaks it from there...there's nothing, over the course of this summer, to stop a sub-$13 test....

    But let's see what Master actually does. G/L!

  • Reply to

    Session starts and...

    by highlowsel Jun 9, 2016 9:35 AM
    highlowsel highlowsel Jun 9, 2016 11:39 AM Flag

    As a contra-indicator? A bounce? Yeah...but for that to have a chance of setting up it has to be equity specific doesn't it? When the entire sector suffers from the same sentiment it's hard to get any bounce going....even the whiff of a hint of one gets sold (heavily) into...like right now...the sell side is stacking the ask (again) and the bid is being pulled lower...now at $14.09. Did I say something about another boat-anchor being attached to Poochies collar? I suspect the next stop is yet one more visit to the low $13.90's...possibly lower. Not necessarily today...but that seems where the trend is going...and if that level breaks this time 'round...then I suspect a trap-door down to the $13.30's.....in any case if $14 fails I'll be playing the short side game....

  • Reply to

    Session starts and...

    by highlowsel Jun 9, 2016 9:35 AM
    highlowsel highlowsel Jun 9, 2016 11:19 AM Flag

    Yet another day where the individual charts of the sector participants can be overlaid on top of each other and you'd see only one chart. Including the XLF. This tells me the market ain't lovin' the sector....not at all....bid $14.10 and about to collapse again...

  • Reply to

    Session starts and...

    by highlowsel Jun 9, 2016 9:35 AM
    highlowsel highlowsel Jun 9, 2016 11:13 AM Flag

    Holding BAC back? HA! Only if you're the one stepping on the bid here at $14.13/14. Because that seems the stall-out point for any bounce...at least...for now...setting up to attach another boat anchor to the Pooch perhaps?

  • Reply to

    Session starts and...

    by highlowsel Jun 9, 2016 9:35 AM
    highlowsel highlowsel Jun 9, 2016 10:53 AM Flag

    Nice! I never quibble over profit.....had done similarly at .58....bid then went north of .60 but I see it's pulling back now...but to .60. I can't go back in since I view the ~$13 line as a major resistance...the short game at that level might be the better play...but for now I think I'll just watch it. ;-) G/L! Meanwhile...BAC continues to have trouble getting out of its own way....bid $14.14...

  • highlowsel highlowsel Jun 9, 2016 10:07 AM Flag

    The beat-down continues....bid $14.08 but trying to bounce...now $14.11 (as I type). Tell me we haven't seen this movie more than a few times?

  • Reply to

    Session starts and...

    by highlowsel Jun 9, 2016 9:35 AM
    highlowsel highlowsel Jun 9, 2016 9:55 AM Flag

    Yeah...here's my problem with the Pooch...that 60 day chart is looking more and more like a double top (for the year?) setting up....a confirmation on it will have the bid walked back into the low $13's. It comes to this...we're half-way thru 2016 and this is (so far) the best effort the paper can muster for the year? Did you say ugly?

  • Reply to

    Session starts and...

    by highlowsel Jun 9, 2016 9:35 AM
    highlowsel highlowsel Jun 9, 2016 9:48 AM Flag

    You may have jinx yerself with BAC (I presume you went long?) ....MU, though..from the long side is interesting...thought it's freighted with all the Inotera "stuff." For now I'm having troubles summoning up buy side enthusiasm for either equity....but maybe it's because summer is approaching, the day here in the NYC area is shaping up to be beeuuutiful...and me I wanna go outside and play? ;-)

  • Reply to

    Session starts and...

    by highlowsel Jun 9, 2016 9:35 AM
    highlowsel highlowsel Jun 9, 2016 9:37 AM Flag

    Bid $14.18. Hello teens.

  • highlowsel by highlowsel Jun 9, 2016 9:35 AM Flag

    YANK! What a surprise, eh? Bid $14.24 and heading to the teens....again. It comes to this..we're looking at the dog days of summer...we're also looking at a market the pundits and "high priest" of which are exclaiming that the it is very overbought and "toppy." Line that up against a 60 day chart whereat you can see indications of a double top in this pps and....well...anyone wanna play the short game here? ;-)

    Sentiment: Hold

  • highlowsel by highlowsel Jun 9, 2016 9:31 AM Flag

    Okay..session starting...let's see if it starts the same way as the last 3...that being a YANK down into the $8.50's followed by a rest of day recovery? If not...well....maybe that's a tell for the intermediate term? Bid $8.73...

  • Reply to

    Healthcare costs have moderated since Obamacare

    by mr.cheyn Jun 9, 2016 8:02 AM
    highlowsel highlowsel Jun 9, 2016 9:28 AM Flag

    Cheyn: Okay I'll give you a pass on the statement of "....a smaller annual increase than what had been occurring before Obamacare became law." But it's all in the perspective isn't it? This benchmark 4.4% more expensive begs the question....4.4% more expensive from what beginning basis? The ACA (Affordable Care Act - let's call it by its name) initiated basis? Or 4.4% from the average costs consumers endured before the ACA was engaged? Perspective, it's all in the perspective. This is not meant as a criticism. I'd sooner see healthcare for all americans than spend untold trillions on weapons systems that cannot be used (and such). It's only to say that in all fairness some American's premiums jumped to the moon, while others not so much. Some squealing being heard is legit....but hell....anybody got a better way of making sure all of us (Americans) have health care?

    Now on to the market game!

  • Reply to

    BAC. .THe Plan

    by mecosmo2 Jun 9, 2016 9:10 AM
    highlowsel highlowsel Jun 9, 2016 9:20 AM Flag

    And so it begins (or expands). That being the general realization by Capitalists that there's "GOLD in them THAR ALTERNATIVE ENERGY, RENEWABLES, sector GOLD I TELL YA!" Elon Mush, et.al., may have been the "gatekeeper" on the realization but now that it's beginning to sink in you can look forward to a rush by all Capitalists, hell..by all parties inclined to self-interest and greed, into anything and everything smelling of such potential. It's the way the system works don't'cha know? And in this instance I don't have any issues with them developing it, either....

    Meanwhile...looks like Master is setting up to walk the Poochie lower...PM bid $14.32...

  • highlowsel highlowsel Jun 8, 2016 3:31 PM Flag

    Erazor:

    HA! All politics suffers from that particular malady. It's kind'a what drives them into it as a "career" doesn't it? Perceived outrage that they wish to address....personally...with sufficient backing of course.

    It's one of the reasons I lean towards anarchy as a favored political rational....but also one of the reasons I don't lean too heavily. Anarchy and Narcissism have much in common at a certain baseline level. And all Narcissists are insufferable for me.

    In all honesty I hew to the George Carlin school of politics. It's all a freak show in the circus we call life; and as Americans we have front row seats to all of it. So enjoy the show, and be sure to duck when the pies are thrown. ;-)

  • highlowsel highlowsel Jun 8, 2016 3:24 PM Flag

    Closed my short a bit north of .30, then was diverted by other tables. I've come back to see that Master has let the Pooch get back to $14.42? Hmmmm...here we are entering the final half hour and that's it? What're the odds we'll get yet another session closing yank? The bid/ask is kind'a balanced right now..so it might not happen...but just for giggles I rate the probability of an end to close yank at ~70%. But since I got lucky with the short I'll not test that luck by putting money where mouth is. I'll just kick back, put the feet up, opening up a favorite beverage and.....watch. There's always tomorrow....

  • highlowsel highlowsel Jun 8, 2016 3:15 PM Flag

    Joe: Oh relax. The 'ol canard of socialism/communism is just so tired and 20th Century. And flat out wrong. A smoke-screen for ignorance, continually thrown out there like an Indian blanket on a fire, to divert attention away from all the ills this country faces. Like how everyone keeps being.....messed over....by the elites who rule this country. The reality is yer average gun-tottin' American (heh) wouldn't recognize socialism/communism if it reached out and slapped them across the face with a Walmart sold Chinese made glove. Welcome to the 21st Century by the way. ;-)

MU
13.21-0.84(-5.98%)Jun 24 4:00 PMEDT