Watch the $110 the Fast Money guys particularly Dan who is a constant bear believes that may be the near-term bottom. They are not always right but do nail some support levels.
The growing pains of over spending as an earlier stage company. The execs must be eating lobster each day for lunch. I kind of understand the spending sometimes but this is what happened last report and you would think they would be aware of what happened after that last report.
Shares are also low the question is has the market factored in all the bad stuff so as any hint at a meet or slight beat we see a short squeeze. Now if they have a bad release the shares may head to $15-$16.
Are you sure you have the right stock both PE's are near 12. I don't expect much from LL fearing discounting but this is not an overnight fix for sure. Funny thing is when the expectations are so low like they are ....you never know.
how ETSY will do. Most expect them to drop the ball but there are three things that my work for them. One expectations are low...two they should have learned from their recent mistakes especially with their last release reigning in the expenses and...three I'm not saying they are AMZN but Amazon had a very good quarter they both are involved is similar stuff. After saying all that they will probably blow it who knows?
CNBC reported that too reason for today's strength I would guess. If not for this horrible tape today I would guess MU would be closer to $20
Samsung may cut DRAM production by 1/3 that's why you have this strength today. I'll bet money managers who knocked this down on Friday knew already. The MU rollercoaster continues this is one great trading stock I just sold what I bough Friday for some profit.
Do you think this deal was done out of desperation? Wireless, internet, TV, landline phone there is so much saturation and competition and most of these providers are showing little growth except TMUS which I think is hiding something in their numbers. What I think happens if the world economy goes south the next year or two AT&T will appeared to have overpaid for an asset that adds little to real growth in earnings similar to the overpaying by companies in 2007.
T shares act the same for now basically trading $34-$35 with no real push over $35. I guess it will take time to see if this is what the CEO says it will be or if it turns out to be a dud.
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.