Micron still has an anchor tied to it...Certainly hoping and playing that next earnings will get more believers involved. For me, other than Day Trading, it's been a disappointing last 4-5 months for my core position. Still looking to get this stock over $27 towards $30 and then finally I feel like Im making good returns. Good earnings should get us there so maybe April will be a great month.
Strange...I placed a sell at $24.48 this morning but I don't think it's going to get near there.
I'm long so much now Ill either be super rich or dead in a few months...
They seem to do this before earnings and it isn't fun when your long even if you ultimately make money. Who could see down over 4% today?
A little hard to believe they were able to push this down like this...We have 3 weeks from today until earnings. Maybe one of the big players will fall asleep with his figure on the buy button this afternoon and run this back up a little.
Why on earth would you exercise it? If it's a covered call just wait and buy option back cheaper or you can always just close your position.
Selling will most ALWAYS move a stock more. Besides shorts, who panic buys a stock? One can loose sleep at night over their investments and panic will trump greed every time. Will you sleep easy tonight if you hear that Russia just invaded another country and you are fully invested? No? How would that sleep compare if you simply missed an investment opportunity? How do you feel when you have an investment going up vs one that is tanking and you might loose your hard earned money? Get my point?...Lol..I remember Clint Eastwood in "Unforgiven' how he could remain calm in a firefight picking others off that were panicking, Same holds true with investing.
Another show of the underlying strength of Micron..,Someone has really been cleaning up off these sell offs and then big buy backs. Who? Pretty easy to run Micron down this morning with markets being off. Draw sellers out...sell X shares to add fuel to the fire and step up to the plate to buy X shares plus more back at a cheaper price.
Pure coincidence...The last thing a MM would ever use to make any sort of decision is some article. What could happen is if it's a bit slow is retail orders come in driving the price up. Personally, outside this forum and a few other followers, no one cares or has even heard of Russ Fischer. Maybe that's a good thing?... Analyst at Wall Street firms can and do effect pricing but most MM's have their own agenda and game plan. My 2 cents...
How else are they suppose to trade? Check in with everyone first? They take HUGE risk with market sell off, news, etc. Name a business where they don't take advantage of every thing available to make a buck....
No matter if they make sense or not...Bigger fish to fry than what Russ Fischer has to say. Doesn't mean he isn't right but yesterday's move had ZERO to do with an article. Ultimately Russ can and may well be 100% correct but he can't move the markets any and knows it.