Shorts always take it down. Interesting tho they can take it down even with a $21 share price buyout rumor. I would suspect any such transaction is not in the near works yet,,,,since shorts are still playingl.
They time things to put prices where they want them.
Mizuho Securities Downgrades Micron Technology to Neutral, Lowers PT to $30.00
Last update: 29/06/2015 4:34:25 am
Mizuho Securities downgrades Micron Technology (NASDAQ: MU) from Buy to Neutral and lowers the price target from $37.00 to $30.00. According to Reuters. So....the price is undervalued!
Again, very whacky conclusions. I think this drop is very deliberate to get shares.
This price action by the MM, might just be what this drop is all about.
Do they ever. They just blow smoke.
price targets from $17-$38 by different analysts. That is comical in itself. There has to be something up with this. This big drop doesn't seem justified.