You are so right. Imagine having a baby today the cost of diapers and formula and everything else is insane but wait the government told me yesterday and Bernanke told me today that we have no inflation in fact they are concerned about dis-inflation. Kind of funny no?
I'll take a gap to $16.15 in the near-term if it even happens to buy more. Obviously the market has gone straight up for weeks now (800 points in two weeks on the Dow) so we are due for something soon especially if the Government actually shuts down Oct 15. You may see some selling before that date if the politicians do what they do best.
I got a feeling the markets may close red today. A lot of well known MM's are hammering Bernanke. Now I will start to possibly short overextended stocks like P although I will probably just watch now and learn. I will watch MU now since it appears they report on the 26th. If there is a nice dip I will dip my toes for a trade but try to be out by their release. Good Luck everyone we are now in uncharted territory.
Are you talking about MU and a 52 week high or all-time highs? Mu was an $88 stock for a moment in 2000. With Uncle Ben and his co-pilot waiting in the wings who knows.
Then drops after them. Sheep following sheep? I see no news.
I was buying in the $18's and $19's after the earnings drop but I sold a few bucks ago. I never thought it would get here. What do you think? Of course Bernanke is the new wild card for all stocks.
Just watch the trade into earnings next week. I'm a spectator for now after the Feds move. They just added more volatility to things. But shorting at 52 week highs is never a bad idea.
obviously shorts are covering and the momentum guys have taken over but this is up near 50% in two weeks. This is now getting stupid I would expect a reversal at some point but who knows Bernanke is giving traders more money to play with.
No "d" I believe. But you might be right about listening to radio. I only listen when I'm in the car.
Absolutely...I sold this days too soon never expected this but when the momentum guys get in it can last for awhile. This stock will go up in the pre-market soon and early in the regular session then collapse. That's the way these momentum runs end.
This would happen. I sold days ago too soon but the momentum guys drove it up and the will leave or short it just as quickly. It's still early though and it is an options expiration day.
You buy what? Did I hear you right? I was buying at $18-$19 not when it's up 50% in a few days. This may go right back down to $23 by next week.
you never know with the options expiration today. I was buying on the way down. This was probably shaking out weak hands and hitting stops which is common the way the bid/ask are on QCOR.
It's a shame MU would have been under $17 today I was looking to get back in on that pullback.
Without this late to the party price target bump this would have hit the $16.70's today.. I was looking to get back in. It may still get there next week with the politicians now in the headlines. Obama speaks this afternoon that may push the Dow down over a 100 points. Their debt ceiling battle is in the second inning they still have 3 weeks to wreck a market at all-time highs. I'm watching!