To some extent but all you need is Hedgies and MM's on the phones early in the AM and they can move almost any stock like MU's Friday's action. Those are the guys providing the large liquidity each day.
Not the first day like this since they reported. I noticed for most of Friday there was less volume on the bid side which allows any stock to fall on any given day.
Since the $36 high it has been in a downtrend absolutely and I believe MU will pop above $20 again then we will see days like Friday it seems to be the nature of this stock it is a great trading stock for sure based on the daily volumes and spreads. Since they do not report for almost 2 months you are going to see similar moves with some rumors thrown in. I believe there are two key factors with MU a substantial amount of their business over 50% I believe comes from Asia which is problematic for now on the other hand I believe MU may have kitchen sinked the last report with their guidance so as to have lowered the bar so much that if they meet or beat and give decent guidance you see the trend change especially for the back half of the year which is a bit more seasonably strong for tech. But for now there is a lot of time before they report so I think you see these swings from $18-$20.
I'm going to play conspiracy theorist...the HFT's and the ones creating the agos know that a potential MU buyout does happen they are shaking out the weaker hands and ones who had profits off the bottom so as to come back in and start buying shares cheaper right before the buyout hits the wires. I do not know if that's true but just a way out theory. This is about the third time since the $17 bottom we have seen a day like this with what seems to be no news. This action would happen once in awhile also before shares were hit after their last earnings. No other stock in the sector acted this poorly today.
Agree but I still believe a lot of the market's move is once again tied back to the oil price.
It seems to be but you never know with these algos. This is like the third day like this recently that it appears the machines are taking out stops making investors wonder if there is some news out there that only a few are privy to. Unless markets collapse into the close I think MU claws it's way back near $19.
It looks like it has been taking out stops all day on these .02-.04 drops. If the market does not tank into the close I think it gets back near $19. That's a big IF since it's Friday.
Another day where it just continues lower either for no reason or something that's out there. There has been about 3 days like this recently that came out of nowhere.
Yes we are over regulated to some extent but let's flip that back to the early 2000's when Bush deregulated almost everything and trust was placed in the hands of the banks, mortgage brokers and WS. We know how that worked out. You need to find a happy medium and it's not the regulation that's stopping the Fed it's the world and the Fed that's stopping the Fed.
The employment cost index came in at +.02 one third of the estimate the worst in 33 years. Futures were down fairly good then they turn around to go positive because the Fed watches this number closely along with others. Naturally lower wages are better for profit margins so WS celebrates that workers are making less which can come back to bite you in the butt. This s a service/consumption based economy so less money in consumers pockets means less purchasing of goods. You need 3 jobs to make ends meet and WS loves that fact.
It's 7:35 am and LNKD is $214-$215 but in 2 hours I'm sure it will be up another $50 like you say right? And I'm the MORON....what are you about 17 and you lost your birthday money?