They are scared of what the Fed will say so utilities and telecoms are red. How will markets survive with a possible 1/4 point raise?
You know what I am talking about out of nowhere the stock is up more than a buck for no reason. It happens every now and then but within a few days it gives a nice chunk of it back. In this market a big chunk of stocks are now closer to their 52 week lows so MU is not alone. I will cover my short mid $14 then go long again figuring the $13.50 was the flash crash low and may not get there.
You may be right but these markets now pay attention to debt. Management needs to say or do something soon or shares will be closer to $2.
Just Grasso and he owns it for awhile now and you know he is under water so what do you say when you are a specialist on a stock show?
Is it just me but is this site getting worse by the day? With all the slow loading ads and pages not loading at times. Without Baba's last report these shares would be at $25 now. I like the site but it has become a battle with the advertisements to get anywhere.
Dan Nathan (Fast Money) made a comment about an option trade drove it down about .08 back near $3 now. This is like a coin flip for SUNE now. A new investigation by a law firm involving SUNE execs just passed on my news there will be more at $3.
What can they say? Sellers are wrong? It had better be a magical statement because this is now trading like an option.
Dan Nathan was talking about a large option trade that you are referring to. He also believed it may be someone who owns the equity hedging their trade. It may get there who knows but if there is any good news this could rocket based on the amount of shorts in the stock but that is a big IF.