I'm tempted, but will hold back, market suks right now. I went In and Out of CELG today profitably. At 103 here, I'm not a buyer in this market, not even for a trade.
Need another 15 points of rsi drop for oversold. Macd and full stochastics not anywhere near it yet. The bootom of the keltner channel is 26.29 at the moment. But with may here and the tech/& chip sell off, i see 25.25 in the near future.
this is one beautiful market!
Here's the view.
"IBM belongs herein as well. I’m agnostic on IBM and Intel but Microsoft, Micron and Hewlett-Packard are legitimate specs selling between 10 and 15 times earnings. Actually, Micron could be selling at 8 times next year’s earnings with an analytical possibility of $4 a share. I believe $3 is easily doable just so long as smartphones don’t top out. Management is building components inventory, anticipating a strong second half, but if they’re wrong, write-offs come and you’ll see the stock in the low twenties.
LOOKS TERRIBLE ALSO. #$%$ IS HAPPENING???
Still, there's no guarantee that converting apps from another platform will attract more users, analyst Jan Dawson noted in a blog post. "Porting apps often results in a lowest common denominator approach, in which the very people most likely to be attracted to a lower-cost porting method are those least likely to be willing to put the time and effort into making the experience really shine on each platform," Dawson, chief analyst at Jackdaw Research, wrote after the keynote.
At the developer conference, the company also demonstrated features of its forthcoming Windows 10 upgrade and a new web browser that will replace Internet Explorer. The new browser will be called Microsoft Edge and will be tightly integrated with the company's digital personal assistant, Cortana.
Here's the proof. Sales growth stinks yoy at mu.
Wrong dude, it was supposed to be june. Not anymore, even though tech companies are already testing it.