Codi: HA! Would that I had that kind of power to move equities. ;-) Anyway...yah...if'n you're trading, and such as MU hits your mark...well...I think you know my process well enuf by now? If there's still run in the pony set a stop at the appropriate "give back to this line" point (most of the time mental for me since I trade the intraday and have the luxury of watching the ticks) and then ratchet that stop as the bid proceeds apace. That's if the pony looks like he/she has legs. If not..pull the trigger and wait the next set-up.
Speaking of which (set-up)...MU keeps toying with that line of mine...which makes me think there're more than just me out there who's keying off similar metrics? Just a guess of course. So....at this point I can't really go short the current p/b...but I won't go long (another trade) until that set-up signals it....so...guess I'll just sit, watch...and putz around wrapping some final gifts for the season.
Merry Xmas and all that to you and yours. Same, too, for all others I trade comments with here, there and everywhere. ;-)
Yah....'tis the time of year where I'll more out of pocket than in it as far as chatting and conversation. It's been a great year for me and it's time to sit back a bit and enjoy the holiday season. Merry xmas and all that to you and yours.
Well....no surprise MU is staying somewhat volatile...but all while not getting back on top of that aformentioned Fib retracement line ($34.80) I keep on my charts. So though I continue to trade for 10pennies, as always, I'm loathe to go out on an intermediate/longer term basis until that line gets broken back on top of.....
Just some thoughts. Merry Xmas and happy holidays everyone! Bid $34.45.
Hmmm...after dipping lower, while I was doing some judicious buying (gambling really) what is this? Bid now $0.9914, up over 5.5% on above average volume. Nice (if'n you established positions well south of a buck). I'm lightening up on some of the tranches I managed to grabbed significantly lower..ring the register and call it good. Holding of the other stuff, though....let's see just how much 'ooomph' is in this one.....
Nice day today, eh? I took the afternoon off so wasn't shackled to my machinery....Hmmm....looks like Friday should be interesting. Santy appears to be real after all? ;-)
Huck: HA! The bid hit $22 prior to Jan earnings and I'll burn incense at YOUR altar. ;-) Seriously, though, I'd say barring a global economic melt-down that 2015 is shaping up to be a good year for buy side BAC'er's. I still don't think, given the sheer size of the float, that any "to da MOON" launch is possible on the face of it.....and without consideration for share buy backs, etc..... but even so there's upside potential a plenty to draw in those looking for an equity with valuation advancement potential. 'Course....color me bias'ed since I'm clearly a longer term holder of lower priced shares. ;-)
Well...got right smack up to $34.80 and promptly rolled over. I'd gone with the aforementioned short side strategy at the ~$34.71 line and now have a stop on it at $34.21 given the bid is now at $34.11. It's about halfway thru filling the opening gap (from ~$33.80 to ~$34.60...so it may drop a bit further here but I'm expecting a bounce......the stoch's are verging on a buy side signal. If my stop gets hit I'll look to flip to a buy side trade. Else keep ratcheting it (the stop) down as the bid continues to slip. Now $34.12. Let's see what happens next.
Nice bounce so far. Bid's being carried all the way back to a Fib 38.2% retracement line I've got up on my charts....that line, which got broken as support now is resistance and the point I'm watching to see what (might) happen next. It sits at ~$34.80....if the bid continues north, tests and breaks thru go long....if it tests and fails...go short. Just from a trading perspective....
Santy rally engaged? Let's see how it plays out. Bid $34.53.
Hmmmmm......did I say I didn't think $18 by X-mas was doable? I could be wrong....maaaaybe....it's be a photo-finish if it occurs....all predicated on the current surge sustaining the face of global economic dynamics....not to mention the usual chug and churn gang always in there doing their "thang."
Let's see how it plays out.
Iskie: HA! A NY minute is too SLOW these days. ;-)
(I'm still amazed by the sheer size of yesterdays intraday swings....it's all machines in charge these days...)
Citi: I get the angst...but let me ask...."...and replace it with WHAT, exactly?" Let the States each enact their own policies? Oh yeah...that'll work....now I know this is a long running pro/con arguement since the Federalist days of Hamilton and Burr but face it...like it or not we need such as the FED from a national/geo-political perspective...
Dow now up 204pt's...no...198pts...no....well you get the drift. This is a (reader) BOT-driven game of instantaneous "shoot first think later." God for the days it took news the better part of a.....minute (heh) to get out there....it at least allowed for a second or two of thinking before reacting. Now it's all "She said (BUY/SELL take yer pick) what?" The game may be a random walk but todays machinery has made it a decidely volatile one....it is what it is....
Hey Chuckie, reeeelaaax....we all get it. Yellen, like all her predecessors, is just a figure head put up there by our owners to placate while they continue to waltz to the bank. Errrr....so to speak. And you know what? There's absolutely nothing, nada, zilch you and I can do about it. Thte 90% don't count or matter (much). So....no offense but......shut yer yap and play the cards you've been dealt....or not. Your choice.
She also said "a couple means two". This in response to a question about what "couple" means. We're talking dancing on a head of a pin stuff here.....Zzzzzzzzz indeed. bid looks like it might be setting up to be walked back down...just like yesterday....now $16.99.and the $17 ask ain't budging even if it's being pounded....
Yellen's talking....so....which way does everything go? Bid $17.04 (after pre-Yellen popping back to $17.11). God the markets these days are so instantaneously reactionary....it's all "shoot first ask questions later" done at a machine-think level....I'll bet if she so much as farts out of line the market dumps 200pts. So it goes I suppose...
From south of $100 (~$99.60 area to the current bid $102.33. Well...if'n yer trading this equity (on the buy side) you've got to be pleased, eh? At least...for today. One thing is abundantly clear....the pps on this equity is....volatile to say the least.
Well...three times on the intraday the bid has hit the ~$17.15 area and each one of the three times have seen Master yank Poochie back...this third time has the bid now at $17.08.....again. It's clear market forces do NOT want Poochie getting thru the swamp zone.....bid now $17.07 and being shoved back south.....