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?
You mean the ones that were shorting the first few minutes above $260? Every trade was a short for the first few minutes after the release somebody knew where this stock was heading not long after and they all cleaned up.