The premium would be higher than $35 but it ain't happening. They would have to borrow big time based on MU's current market cap plus premium and what Intel has in cash on the balance sheet. Intel's market cap would allow a funder to give them the additional funding but they will not blow out their cash and leverage on one purchase they may attempt to buy a smaller market cap company to cut out some type of product supplier. Mu is too big now they are on their own a victim of their own success.
$29-$29.25 would be around a 10% pullback off the recent high. Citibank upped it's target to $36 from $31 with a buy this morning yet this has acted like a dog for most of the week. Seasonal weakness perhaps? Post and pre-school time of year and well before tech picks up seasonally around August- September. Right now the stock has a mind of it's own.
I watched the video now you have to consider this was back around November 2013 and LL is or was a growth stock and when growth slows or stops they usually get killed quickly. You have to remember Cramer is there for Cramer's ego and his old hedge fund pals who I believe get tipped off in advance when he does his rants about specific stocks. He does get some stocks right but there is also a long list of Cramer pumps that have collapsed (SHLD, DMND,JSDA etc.) not long after his pumps. Of course he will only remind viewers of the ones he gets right. My favorite part of his show is when they actually allow a caller to get through who bought one of these stocks after his recommendation and is now so far under water and asks him what should they do. He always has a dumb look on his face and usually replies " that's not working in this market". This is the main reason why nobody should tell an investor to buy anything without doing their homework. What Cramer forgets is most of his worshippers buy and hold and can get hurt doing it. If you listen to him and buy growth stocks you had better be nimble and aware of when their earning's dates are to get in and out. Bottom Line Cramer is a clown and that's why he continues to get hammered on social media.
Could not have said it better. I asked him to put me on ignore that would solve any problem he has with myself.
Put me on ignore you moron....please. That's not a trade I was just pointing out a news story. The other person who replied commented on it but you of course have to make it personal like last week. Once again your Mama moron. Now put me on ignore and do us both a favor since you lack of a brain and a personality allow you to make such posts. Now go check your losing trades.
CNBC and Bloomberg did stories on this company and nobody can find any employees who work there. Naturally you can't get shares to short. These shares will be back under a buck soon.
Not Schwab either the brokers have the shares as usual. There are no insiders so they don't own them. What's better is traders just got the shares back over $13 for now I guess to create a quick short squeeze. Do you see today's range? That should have raised red flags to anyone who knows this stock.
This is one of those rare days that market has recovered almost 150 points and BBY sinks lower. Something is keeping this down today. Back and filling possibly after a quick move lately to $32.
That's what I just did possibly you need some sleep worrying about one stock each night. When the trends change so do I that's what traders do. Don't be so sure that it may not touch below $7 again this market is not a normal market it is run by machines and software....have a nice day!
MU has been amazing I have been trading MU since it was the $6's in January of 2013. The Elpida acquisition was a steal which has booted their earnings dramatically along with less capacity and stronger pricing as a result of less competitors in the industry. I don't think RAD will be like MU but it has come a long way since under a buck a few years ago. In relative terms I guess you can say the moves are similar.
Unless the market tanks, which this could be the cracks that are showing today, the close is important today since there were so many bad global stories today. The $7.10-15 area may be a new higher low which can be bullish for shares. The other side of that story could be RAD is now in a range and may be there for awhile....$7 to the $7.70's area. If it breaks that high then I think it tests the $8's again. Of course their performance going forward will also dictate the direction of the shares. They have to grow into their valuation I believe. Just my take.
Like I said days ago I'll be nibbling between $6.95-$7.10 for a bounce to say $7.50 or higher. OK now call me names I think I can take it. Yesterday's weakness into a higher close was a sign of more weakness to come. Cramer will keep pumping and his hedge fund pals will keep selling it's that simple believe it or not.