Relax walk away from your screen and get something to eat. Like I said earlier it's a combination of four events that came together today to shake out the weak hands. This stock was at $27 plus a few days ago and I believe it will close over $25 today rational investors will get back in realizing they are not HGG in any sense. When Cramer said minutes before the open it will get hit that was his signal to his hedge fund buddies to slam the stock. They may have to flip their trades into the close. The market was down over 100 because the Ukraine shot at some undercover Russian soldiers at an airport. The retail guy that left was replaced by one with 21 years at BBY. That's not really a panic signal to me.
Companies rarely respond to short term moves. You have the perfect storm to drive the shares lower you HGG come out with a poor report (weeks ago CONN's released a good one look at CONN's today) Cramer talked about how HGG would hit BBY minutes before the open which dropped the bid immediately, you have their retail head leaving and you have the Ukrainian's taking back an airport with shots fired. I'm buying here under $24.50 down to $24.28. This is overdone I believe and HGG is actually coming back which to me is silly compared to BBY's action so far.
You got a gift today right before the open otherwise BBY would have been flat to up with the market not down over .70.
I guess I was watching a different Cramer at 9:25 am than you were. Scaring people on this board has little affect since there are less and less people posting here than last year. I would cover the short soon BBY will be up tomorrow this Cramer quote will probably last for one day and HGG is actually a much smaller operation than both BBY and CONN's which just reported a good quarter.
Gee what a coincidence Duetsche Bank upgrades to $9 this morning. I have seen this numerous times especially when we have healthier markets. He does a bullish story on a stock and the next day there is an upgrade. I believe that he phones his friends in certain situations so as not to look like a fool if the stock goes down after his story which it does on some occasions. The only think that matters to Cramer is Cramer. I would be careful up above $7.50 if it gets there since it has run so much and some of the new price targets after earnings are not that far away from here. The share price is in a new higher range these days which could be both good and bad either breaking out or may see profit-taking.
I bought yesterday average around $29 but these analysts like Barclays are insane they had a $75 target lowered it to $60 today. Do they see where the stock is and when do they expect $60 to be hit?
The lawyers are salivating and they should be. Let's see her spin this once again by saying it was the old culture at GM which obviously she was right in the middle of it.
I guess she will say she did not read the e-mail. She must go you cannot have a CEO who has just been exposed as a liar under oath. I own the shares and have seen them drop because of the old execs which she was a part of yet claims not to be one of when she speaks now. There is no "New GM" as long as she is the CEO.
They said "some" short covering and then the stock actually fell without the market. Traders must have figured that if shorts are covering and it's not really going up they can get it cheaper. I say watch Monday I think the markets bounce they tried earlier. I still believe that a lot of this is selling to pay the tax man.
The Nazdaq is down some 8% and more from the recent high and the stock is in the mid $21's. I think it would take a 25-30% Nasdaq correction to get it even close. You would see a lot of resistance in the $18-$19 area I believe. MU actually has earnings unlike a lot of other tech stocks and MU is now at a P/E of 9 and a forward of 7. For a tech stock this is incredibly cheap that's why I think this will hold in pretty well even if the markets correct a lot more.
but you have to love CNBC they are such bus jumpers. When things are going up they bring on the cheerleaders when things are bad they bring in all the negative people. They just had a known "day trader" on who was bearish in early March and ended up being wrong then speak of impending doom and gloom. His words on the air alone took the Dow down around 35 points in minutes. The machines pick up on words spoken all over the air waves it's sad but true. I guess these type of guest create opportunities even for him while he's speaking.