I believe him. No reason not to. I trade 5k shares all the time in my PS account. No taxes or reporting for retirement accounts. I sold 30k before earnings..So whats the big deal? KP is very believable. And he will be happy he sold those shares today. I did the same in the premarket.
Add to your position or start one at or around 16. 1/3. Be prepared to buy again at 15.6. 1/3, and leave enough powder for 15.05 if needed. Otherwise, buy the last third once MU gets some momo. That is my strategy going forward long. Insider selling bothered some folks yesterday and market is still cool to Washington mess. Use TA and FA and macro events of the market. A long who has made lots of money on MU, I usually trade 5k lots. Had 30k going into earnings and sold it all before. Never hold thru earnings-cardinal rule. Just a little patience with this high beta stock. Be smart.. Men tend to over trade. We take more risk than women. Knowing that make it work for you.
Yes, the conferences will help ONLY if they present clearly for all analysts and everyone else to understand. The last conference call was an exploding cigar. I'm expecting a double but don't be too anxious. Could take 12 months. Watch all the signs.
agree on pcln. seems to be controlled by high net worth individuals. stock is a joke. Google is not worth a 1000/share.Tremendous imbalances here in the market.
the trend is down , all indications showing it moving toward the 50 dma, It has broken the 10 dma and is close to hitting the 50 dma at 16. Conferences mean nothing at this point. All you can go by is last 5 -10 days Sorry I'm not Highglow but that is what the charts show. .
You got to remember we have two MOPES at the wheel, The CEO and CFO are numbskulls. Did you see how enthusiastic their CEO at Sandisk was. I rest my case.
I did the same. Hard to unload 13k shares. Multiple sells. I'm waiting for the Washington big dip.
That is 15.50 to 15.80 . Patience and then load up. Margin calls today on optimism going into earnings. We retest that level and then go up, assuming we get a Washington deal. Otherwise w test the next level of 14.
Ready to go long. Keep your powder dry.
I listened live to the CC. It was very boring, unenthusiastic, no excitement, and the accounting practices require that you have a PHD in accounting. How confusing. They fubared this CC with great results. Their presentation was AWFUL. They would screw up a one car funeral. JMO
Bought in again at 17.90, 5k and sold all at 18.7, bought again at 18.1 and did the same thing again and sold at 18.55, and again bt. at 18.25 and sold at 18.45. Never, never, never, ever ever, ever, hold thru earnings. Must tape it to your forehead if necessary. Companies disappoint all the time and longs get screwed. Been burned too many times, its a cardinal rule with me. You can always get back in. Never get stuck on one stock and avoid major events like earnings call . Have 4-5 stocks that you like. 20% each.
So many things can go wrong if its not just right. How many times I have been burned holding thru earnings. My note on my computer says never ever never ever never ever hold thru earnings. Its the kiss of death. Unless the CEO or CFO wants to whisper in my ear and tell me the numbers before they release I'll sell now and get back in after the report. If I miss a couple points so be it. Have had my hands burned too many times on the hot stove. Everyone learns the hard way.
Regis Philban is his name. Long Mu since 13, long hp since May, buying IBM. He sounds like a savy investor. He predicts this issue MU going to at least 20.
I am going thru the same feelings as you. You are not alone. wish i knew what was going to be said in earnings and conference call. It takes courage and lots of guts fortitude.