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Micron Technology, Inc. Message Board

highlowsel 818 posts  |  Last Activity: 5 hours ago Member since: Feb 26, 1998
  • Reply to

    NBG IS RALLYINGV HARD !!!!

    by tommusik1 Jul 20, 2015 10:25 AM
    highlowsel highlowsel Jul 20, 2015 10:36 AM Flag

    Just being continually churned in the channel it's been in for the past few months is all. You really didn't think the powers that be, with their vested interest in keeping the drama alive, would just end it *snap* just like that did you? Nah....they ain't squeezed all the profit out of this stone...yet. So in recognition of this I've simply been playing along...mostly on the buy side....went back in with a trading long position (again) south of $0.90. Bid now $0.96. See their game. Play their game. It's about all you can do trading-wise....

  • Reply to

    Bid $18.11

    by highlowsel Jul 20, 2015 10:23 AM
    highlowsel highlowsel Jul 20, 2015 10:32 AM Flag

    Bid $18.10...hey I was jokin' with that sub-$18 remark. :P! Anyway....looks like the Texas Two Step is in reverse right now....the bid has been on one of those intraday lower highs and lower lows off the +$18.20 opening pop......sell side action has been heavy on a (so far) average vol day....

  • highlowsel by highlowsel Jul 20, 2015 10:23 AM Flag

    Okay...Master allowed the opening pump. Then walked the Pooch back down to basically close the gap. So I'm opening at buy side tranche at this line under the "close the gap and go" theory of this action. Now watch it go all right...straight south back sub $18. ;-)

    Highlow
    American Net'Zen

  • Reply to

    Holding 1000 weekly 18 calls at 6 cents

    by hft_lover Jul 20, 2015 9:33 AM
    highlowsel highlowsel Jul 20, 2015 10:13 AM Flag

    Nest: That whole grouping is single handly kiting the Naz into the sky. They are setting up as juicy short side candidates once the momo fades and changes. And it will...it always does. The $64 question is the timing of it. I'm not standing in front of those trains right now....but watching for the inevitable set-up....

    Meanwhile BAC bid is churning and back-filling at ~mid $18.teens. The machines and HFT's are in chug/churn pig heaven....as usual...

  • highlowsel highlowsel Jul 20, 2015 9:55 AM Flag

    All praise the burning tamp's? Heh!

    http://finance.yahoo.com/news/2016-presidential-election-already-dumpster-101500085.html

  • Reply to

    Holding 1000 weekly 18 calls at 6 cents

    by hft_lover Jul 20, 2015 9:33 AM
    highlowsel highlowsel Jul 20, 2015 9:42 AM Flag

    You most probably will if the action so far maintains its pace....but we're only 10 minutes into a very long week. Bid got north of $18.20 briefly...now dancing around the $18.18 line...I suspect a continuance in what was seen the latter part of last week....the 'ol Texas Two Step dance as applied to this gaming dynamic. In other words...two steps north, one step south then two steps north again....doe-si-doe and away it goes? Let's seeeeee....

  • highlowsel highlowsel Jul 20, 2015 8:50 AM Flag

    If the political equivalent of a Troll gains the Power Oval then as a people we're worse off than I thought.

  • Reply to

    Thoughts on direction this week?

    by elockwoo Jul 20, 2015 8:19 AM
    highlowsel highlowsel Jul 20, 2015 8:47 AM Flag

    Yeah....there will be direction? ;-)

    I'd say overall it will remain up on a slightly positive bias so long as it can stay north of $18. In PM the bid is at $18.13. I've a 10 day trendline I'm monitoring. I set it in pace from ~$16.25 (July 9th line) with the second touch being the ~$16.50 line of +July 10. That line, interestingly enough, sits today at $18. So that's the line. Staying north of $18 could bring $18.50 soon enough...but for now the bid needs to break north of the 52week high water mark....

    Just some thoughts.

    Highlow
    American Net'Zen

  • Reply to

    Bid $17.92

    by highlowsel Jul 17, 2015 9:48 AM
    highlowsel highlowsel Jul 18, 2015 7:17 AM Flag

    Rpfla:

    Oh I only said where I RESIDE, mostly, not where my (tax) home is. ;-)

    I had a grandmother who lived all her life in West Palm (FL) soooooo.......but in any case you know what? I don't really ever beeeyatch over taxes and such. I consider it the cost of doing business, or the cost of living in this country. You want infrastructure? You want roads, sewers, telecom, garbage removal, etc.? You want a modicum of social services when you need them? You want all the accoutrements of the modern high-tech Nation/State? And I expect we all say yes to this unless your a troll or a wanna be mountain man/gal. Then you bloody well (how's that for UK? Heh) has gots to pays for 'em.

    It doesn't mean I don't beeeyatch over how our elected elites USE said taxes and such. THAT is a different issue. But taxes....I'll pay 'em and move on to more important matters.

    But that's just me. Oh...as for UK....nah...never a citizen there, though I've a few ex-pat American friends who live there and have native spouses and children. I'm born and raise American. One who, unlike many, got to travel extensively while growing up, primarily due to being a Military Brat. You could say my view is a bit less.....narrow...than many of my fellow citizens. But I won't be critical of my own. ;-)

    Highlow
    American Net'Zen

  • Reply to

    Bid $17.92

    by highlowsel Jul 17, 2015 9:48 AM
    highlowsel highlowsel Jul 17, 2015 11:55 AM Flag

    Okay....since the get was just a trade I closed it at $18.14 and ran giggling for the sidelines to count up the booty. ;-) Not sure which way the bid goes from here but looking for a dime's worth of p/b to re-enter...else will look to see if it can get north of $18.20 on volume...

  • Reply to

    Bid $17.92

    by highlowsel Jul 17, 2015 9:48 AM
    highlowsel highlowsel Jul 17, 2015 11:42 AM Flag

    Rpfla: UK? Been there (more than a few times). But reside in NYC. ;-)

  • Reply to

    Bid $17.92

    by highlowsel Jul 17, 2015 9:48 AM
    highlowsel highlowsel Jul 17, 2015 10:19 AM Flag

    Yah...back doing the forward Texas Two Step, eh? ;-)

  • Reply to

    Bid $17.92

    by highlowsel Jul 17, 2015 9:48 AM
    highlowsel highlowsel Jul 17, 2015 10:10 AM Flag

    Equitie! "Some do same (trade on Iphones and such)" HA! Indeed. There are some days when I almost consider myself, as mobile as I have become, nothing more than a high tech nomad. It's kind'a cool how powerful being mobile has become. One can almost go "hang out in the trees and beaches" and still make a nice living.....almost. ;-) But I can certainly envision the day when the idea becomes routine....for some....

    In any case in watching the real-time action it seem clear (to me) that some big boys/girls were lining things up ahead of a pps advancement. I'm clueless as to what that might mean in terms of upside...only that the elephants were waltzing more on the buy side than the sell....which bodes well for anyone on that side of the dynamic.....all just my impression of course...

    Bid $18.05

    Highlow
    American Net'Zen

  • Reply to

    Bid $17.92

    by highlowsel Jul 17, 2015 9:48 AM
    highlowsel highlowsel Jul 17, 2015 10:05 AM Flag

    Didn't get my request, though the Pooch's nose did get to $17.89 there for a sec. So I went back in at $17.94 for a trade. Let's see where it goes.

  • highlowsel by highlowsel Jul 17, 2015 9:48 AM Flag

    Come on Master...take the Pooch into the low $17.80's to high $17.75's. Come on...I DARE ya! ;-)

    Highlow
    American Net'Zen

  • Reply to

    NBG - 1.25-1.40. Cover cover

    by nikgats Jul 17, 2015 8:06 AM
    highlowsel highlowsel Jul 17, 2015 9:38 AM Flag

    Yup...here we go....bid $10.6....back down again.....get the pattern it's been within the past few months. "We's GOTS a DEAL!" And up the bid goes. "No...we's don't's got's a deal!" And down the bid goes. "Hey, we have IT NOW!" Up goes the bid. "Errrr....no....complications...no deal!" Down goes the bid. And over and over and over and over and over AGAIN the players in the positions to maximize their self-interest keep the churn alive and ever going so to profit from it. And why not? Did I mention self-interest. Now it's just yet another round of the noises out of 'em being....again...negative is all. Given it time....they'll come out with some positive noises again...and on and on and on it will go...

  • Reply to

    those who sell BAC under 20 are morons

    by urqt77 Jul 16, 2015 2:45 PM
    highlowsel highlowsel Jul 17, 2015 8:20 AM Flag

    Morons? Morons? I prefer the term Maroons! Heh!

    I don't care when others sell. Profit is profit and I cannot begrudge others doing what is in their best self-interest in this game. ;-)

    Meanwhile...PM bid $17.99. The ~$18 to $18.10 is the new marshland thru which the bid must plod....and since the chug and churn gang that's been attached (like ticks) to the Pooch since the 2008 era given no indications of falling off I expect a plod is what we'll continue to see. But let's see how it plays out today. Trading-wise I am flat this equity and waiting on Master doing his usual yank....

    Highlow
    American Net'Zen

  • Reply to

    those who sell BAC under 20 are morons

    by urqt77 Jul 16, 2015 2:45 PM
    highlowsel highlowsel Jul 16, 2015 4:02 PM Flag

    Okay I just have to ask....what is German skin? Hopefully nothing involving lampshades I trust? *Ahem! Anyway....looks like, as others have pointed out, that $18 is still a hard resistance line. This ain't surprising, to me, seeing as how the bid hasn't been truly north of it in well on +5 years. So you trade it here...no big deal....although for me I'm currently flat (again) on all trades. I'm watching for something along the lines of Nest's alluded to p/b...$17.50 area would be nice but I doubt we'll see that.....but...there IS todays opening upside gap...or is that gape (?) some part of which needs filling....at least...according to gap theory...so I'm patient....let's see what happens tomorrow....

  • Reply to

    BAC resistance $18.03 / support $17.31...

    by nestofweasels Jul 16, 2015 7:58 AM
    highlowsel highlowsel Jul 16, 2015 12:02 PM Flag

    The bid is hitting unknown territory from a TA standpoint.....you have to blow out almost to a 10 year chart to get a sense of "where to from here." And it'd be a vastly distorted sense because BAC today is so very different (equity-wise) from the BAC of 10 years back. So basically you're flying by the seat of yer pants from here (~$18.05) upwards. But at least it will be upwards, eh? Even though it remains, as always, a darling of the chug and churn set. However I suspect they've used the last few months to set things in place to maximize their self-interest during this period...so I don't expect to see them blocking (much) the upside as they're basically on that side of the flow. At least...for now.

    Meanwhile check the vol on the $18 calls set to expire tomorrow. ;-)

  • Reply to

    BAC resistance $18.03 / support $17.31...

    by nestofweasels Jul 16, 2015 7:58 AM
    highlowsel highlowsel Jul 16, 2015 11:01 AM Flag

    And did I just write "should?" ;-)

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