I agree there would be mkt turmoil but to a large extent I think some of the default risk has already been priced in. We'll see.
Give MU 6 months and we'll likely be in a stronger position. IMO today is capitulation selling ...
Looking for $27 by year's end.
I'm holding ... Admittedly under water but I'm in NO HURRY to sell at these depressed share prices.
At least eight Wall Street investment banks cut their price targets on Micron stock after the earnings report.
Bernstein Research slashed its price target to 28 from 45, but reiterated its outperform rating.
Credit Suisse trimmed its price target to 34 from 50, but kept its outperform rating.
Jefferies cut its target to 36 from 40 and maintained its buy rating.
Pacific Crest Securities lowered its target to 26 from 32 and stuck with its overweight rating.
Raymond James cut its price target to 38 from 40 but held its strong buy rating.
Stifel reiterated a buy rating on Micron but cut its price target to 34 from 41.
UBS kept its buy rating but lowered its price target to 27 from 35.
Fair enough Zen - I agree - here's to being able to reflect gloriously in the not too distant future ...
zen - if you're true to your handle - you'll realize that financial wealth is rarely accomplished in the blink of an eye.
Will NVAX shares hit $16 in Q3? Hard to say. Will management surprise us with another secondary? Probably not but who knows. Will Phase II and related results be spectacular successes as most of us anticipate? Probably but we don't know for sure. Is there enormous potential here? Certainly there is.
So long as the story remains intact - and Stan continues running and promoting this company intelligently as he has - IMO the best approach is patience and optimism, and accumulating on the inevitable dips.
We may own the stock of a lifetime.
Here's hoping that's the case....
Shorts and skeptics, c'mon onboard.
Excellent point taheee and I agree completely.
What's even more reassuring is the fact that NVAX is holding its gains today on a decidedly down market day. Very bullish IMO. Whatever pushed these shares higher yesterday on high volume was no fluke.
Given the massive volume and SP movement today - does the board think there will be an after-hours announcement?
I for one think there will be.
There may be some relief in sight in the Northwest as we get closer to the Independence Day holiday.
The hot, dry weather will also produce high fire danger, as drought conditions have worsened over the Northwest and northern Rockies in the spring.
In mid-May, Washington Gov. Jay Inslee issued a statewide drought emergency, and spring runoff from winter's paltry snowpack was expected to be the least in 64 years.
Seattle has seen only 7 days with measurable rain since May 1, one-third the average number of such days, according to NWS-Seattle. Portland, Oregon, has set a new record June dry streak of 19 straight days through Monday, according to NWS-Portland.
A brutal heat wave kicking in later this week may shatter June or even a few all-time records in parts of the Great Basin and Northwest. Furthermore, it may last into the first days of July.
June has already been a hot month in parts of the West.
Earlier in the month, Yakima, Washington, tied its all-time June high of 105 degrees. This occurred 15 days earlier on the calendar than the previous June 105-degree high. Medford, Oregon, is pacing for their hottest June on record, dating to 1911. Portland, Oregon, has already tallied 4 days of 90-degree-plus heat this month through Monday, just 2 days shy of the June record set in 2003.
By late this week into the weekend, highs in the triple digits are possible in many lower-elevation locations west of the Continental Divide and inland from the Pacific Coast.
This includes parts of Nevada, California's Sacramento Valley, the Salt Lake Valley, Idaho's Snake River Plain, much of Oregon's lower elevations east of the immediate coast, and areas to the east of the Cascades in Washington State. Valley locations in western Montana such as Kalispell andMissoula will also top the century mark by this weekend into early next week.
In particular, parts of the Columbia Basin and lower Snake River Valley may surge above 110 degrees. This includes cities such as Yakima, Kennewick and Walla Walla in Washington as well as Lewiston, Idaho.
The extreme heat is even expected to surge north into Canada. Even Revelstoke, British Columbia – 130 miles north of the U.S. border and better known for skiing – could touch 100 degrees (38 degrees Celsius) this weekend.
Compared to what the more arid Great Basin is used to, evening and overnight temperatures will be slow to drop, possibly only bottoming out in the 70s in the hottest locations.
This heat appears to be locked in place well into next week, as the upper-level dome of high pressure remains camped out. There may be some relief in sight in the Northwest as we get closer to the Independence
New castle-mercer-gloucester-camden-northwestern burlington-
delaware-philadelphia-eastern chester-eastern montgomery-
including the cities of...wilmington...trenton...glassboro...
camden...cherry hill...moorestown...mount holly...media...
philadelphia...west chester...kennett square...norristown...
334 am edt tue jun 23 2015
...heat advisory remains in effect from 11 am this morning to
6 pm edt this evening...
* locations affected...through the interstate 95 corridor and
surrounding areas...including the philadelphia metropolitan
* heat index values...in the upper 90s due to temperatures in the
mid 90s...and dewpoints in the lower 70s.
* timing...highest heat index values are expected during the
early to mid afternoon hours before showers and thunderstorms
move into the area associated with a cold front late in the
afternoon and into the evening hours.
take extra precautions...if you work or spend time outside. When
possible...reschedule strenuous activities for early morning or
evening. Know the signs and symptoms of heat exhaustion and heat
stroke. Wear light weight and loose fitting clothing when
possible and drink plenty of water.
to reduce risk during outdoor work...the occupational safety and
health administration recommends scheduling frequent rest breaks
in shaded or air conditioned environments. Anyone overcome by
heat should be moved to a cool and shaded location. Heat stroke
is an emergency...call 9 1 1.
a heat advisory means that a period of excessive heat is
expected. The combination of hot temperatures and high humidity
will combine to create a situation in which heat illnesses are
possible. Drink plenty of fluids...stay in an air-conditioned
room...stay out of the sun...and check up on relatives and
neighbors. In addition... Never leave children or pets in parked
vehicles as rapidly rising temperatures may lead to heat stroke
Just an aside ... As the market cap rises here, more institutions, hedge funds, pension funds, MF's, will be sitting up and taking notice, even if nothing especially new is imminent. Would likely bolster the share price ...
Thanks for your comments avnr - I will research it - you may be right and certainly I have much to learn. We still have much to celebrate today!