Wallis...Both sides need to cut this ridiculous BS out. I play both sides long and short. It's an INVESTMENT not your best friend. Some Longs can get ridiculous with sky high predictions while some Shorts can believe the World is ending. I'm smart enough to know AT TIMES BOTH are right. Ultimately, Micron will trade higher. Though I also watch charts carefully, again, I'm smart enough to understand that technicals are ONLY an attempt to best guess the psychology of the markets and it's participants and certainly isn't a forgone conclusion. Nothing in the stock market is GUARANTEED.
If you have no interest in trading Micron or the daily swings then why exactly are you on the board? Obviously you are convinced it's going higher so Im assuming any news will also be met with your buy and hold strategy? Since Micron hit its high over a month ago, there has been many opportunities to make money while we wait to move towards a new 52 high. Really can't see how you could argue against trying to capitalize on a pull back the last 30 days of near $35 to near $29. BIG opportunities to trade and to think otherwise makes no sense.
I had a dream that it hit $35 briefly after earnings. But I also ran The Playboy Mansion in the same dream.
Those guys you accuse of manipulating actually can't do much unless those listening are pretty weak minded.
The issue is when it's not recognized as a tool...By either totally denying any merit or the opposite where TA is given too much credit.
Last 3 Quarters about 1-1/2 weeks before earning we start to see negative story after negative story driving Micron down. Wondering if we will see them again before earnings?
Often I see those that trade on a technical basis act as though a chart is its own being. This gap will be filled...this pattern shows....etc. I am pretty technical myself but ALL a chart shows is PAST price moments that represent PAST thinking. Many times the past will repeat itself often because so many are looking at the same charts as everyone else and all can see a clear support line of X. It becomes self fulfilling. The trap that MANY technical traders get caught in is when there are major changes to a company. New product,major merger,new market...etc. The same past investors will behave differently than they would have before these fundamental changes. Also, charts work best in a somewhat QUIET market. Volatile down markets with panic abound will blow right through that support line as well as buyout rumors can ascend straight to new heights. Charts are not living breathing animals that follow the same game trail and you just wait in your favorite hiding spot. I'm a huge fan and participant in technical trading but some just take it way too far. Its a tool. Some get it and others get too caught up in "what the charts say".
You know the stock much more than I do...In addition I think it's pure speculation with the announcement of a new plant to produce panels and more importantly Elon Musk is back in favor the last few weeks. Tesla has been on a run again and Musk has done recent interviews and has been more visible. With more money going into SCTY, there is less going into SPWR.
I can't tell you what chickens do but I do know Hogs get slaughtered in the markets. VERY glad I sold at $34.35.
It shows you have the ability to re-evaluate instead of digging a hike and ignoring trends.
The only reason "charts" work at all is because many people are looking at the same thing and many act accordingly. To base a trade on a time frame no one watches serves zero purpose. Unless there are other commonly watched charts that confirm this pattern.
I know a lot of you also own FB...Nice action today. Let's see it continue and set a new high tomorrow.
Out of everything options,stock at $31.44... Hope we have pullback or I'll have to get in higher.
Micron Technology director just disposed of 10,000 shares
Lawrence N Mondry, a director of Micron Technology, recently disposed of 10,000 shares of the company. The disposals took place at $29.10 per share, on June 05, 2014. Mondry still owns 165,834 shares of the company. Mondry operates out of Boise, ID. Some additional info was provided as follows:
Sale pursuant to 10b5-1 Trading Plan entered into on November 11, 2013.