I see very few posts here for ONNN. The last on Dec 7th. That shows a severe lack of interest in this stock as a trading stock or investment. Why is that? Valuation and fundamentals are excellent. This stock is held in many funds with high institutional ownership. Why the lack of interest?
Kg2931 (5K shrs ONNN @ $9.99 Shr Long since 12/8/14)
I'm not a financial guy. How does one derive this is just a "renewal" from the 8K wording? Is it the last sentence in the following?:
" The Credit Agreement provides the Borrowers with a committed $600 million asset-based revolving credit facility (the "Credit Facility"). The Credit Facility includes a $100 million letter of credit sublimit and $40 million discretionary swingline sublimit. The Credit Agreement also provides that, under certain circumstances (including the agreement of financial institutions in their sole discretion to provide additional commitments), the aggregate revolving credit commitments under the Credit Agreement may be increased up to $800 million at the Borrowers' request. As of the date of the filing of this Current Report there are no borrowings outstanding under the Credit Agreement."
A lot of us are just holding onto large gains. MU may not be as sexy at the moment but a better stock to hold going forward. Where else gonna find fundamentals and a recent WS darling growth story like this? Gotta admit MU is a safe, stable place to be in the semi sector (97 % institutionally owned). kg
Whole market's getting hammered this week. Global economy scares, falling oil and the Fed's recent vacillation on when the economy will ripe to raise... Nothing to do with individual stocks. USA stocks are fine. Just ride out the latest fad, Will be up next week...
Kg2931 (1K shrs Long on YHOO @ $50.21)
What's this 8k of MU's all about? Borrowing more money? Why? Here's what the 8K news release says:
"The Borrowers will use borrowings under the Credit Agreement for working capital and general corporate purposes. "
interesting perspective which i haven't thought of or heard the news mention yet. I'm wondering when our hot shot economists will address and provide us their opinion on this balancing point. Historically (in my lifetime) I don't think we've been in this situation before.
On the positive side, $2.39 can't do anything but boost consumers, jobs & profits! Gas is so cheap I feel like jumping in the car and going on a road trip just for the heck of it, ha! kg
Good point. Everything uses a lot of oil! However, I need to sell by end of year. And having gone through a number of MU earnings releases I don't have a lot of confidence in the sp rising that much... The Dec rally is why I'm still here and that's starting to look like a dud this week.
This seems to be the major theme taking the market down again this week - third day in a row. Because cheap oil is so good for our economy (world economy) there's got to be a point where the overall market stops balances and stops dropping. Anybody guess/opinion on when/what that point may be reached?
Thx nncy! I like all your picks and your comments are right on. Back few months ago I put some AAPL & FB in my Roth acct. Glad i did but now wondering if I should be concerned about this Europe thing going on against American tech companies. Below is my current watch list. Monday I bought $100K worth of YHOO and ONNN. They're both tanked with the market but now about even. Yahoo's been a good trader for me past month. I traded ONNN years ago and now getting reacquainted.
Global economy and Oil dropping is killing a December rally. It's always something. Hoping I won't be saying 'shouda, coulda, wished I sold at 36.50... kg
Have you tried trading it lately? Possibly good for 20 cents a day. Not great but I like everything else I see. Adding it to my trading watch list. Thx for tipping us to the good guidance. kg
You can never count the 'global economy' out for ruining the party! Everything on my reader is down today. News release this morning talking about Greece - European scare, China - scare and USA anticipation of possible change in language on interest rates. Hope this isn't a correction with legs. Needing a continued run into Christmas... kg
Thx for the advice cheetah.
- So do you mean when you buy a Call that you don't actually pay for it until it's called and thus it's like borrowing money?
- How often do you make good on Calls? (Risk level?)
Look at the major indices and all your favorites this morning and they've all dropped with pretty much the same chart pattern this morning. Not an untypical Monday opener...
Yeah, but where does it stop dropping? I bought 30minutes ago at 50.43 and it's dropped 60 cents since. Traded it for the last week or so as high as 51.80. Seems to have leveled off the last week...