No real guidance that's where the CC will send shares. I posted earlier it may stay near where it closes. That's what it looks like. If they say nothing great in the CC you may see some more profit-taking investors may think this is as good as it gets for awhile unless they tell us otherwise.
Ask him why he has stopped talking about RAD recently but was pounding the table about RAD that it was now a growth stock when it was $8.50-.60. I'm sure he will recommend some more stocks at all-time and decade highs this week it's what he does best.
Possibly the HSBC China PMI number at 50.8 up from 49.7. I would bet that may have a little bit to do with this nice move and some short covering. If WLT could ever show some real improvement in their next report this would be near $8 pretty quick.
There has been some of that options action for a few days which may explain the shares lackluster action the past few days. What a lot of the super bulls may have overlooked is that the stock went from $29 to over $32 in a few days on about seven upgrades in a week possibly too much to soon without any consolidation. Of course if they blowout the estimates tonight none of this matters.
The odd thing it has been acting poorly the past 3-4 days and you may get the same thing happen who knows. What may have happened is that MU has had two consecutive very good quarters that maybe the whisper numbers are too high that longs believe there will be a pullback either way. I'll be watching closely if they do have a very good release and it sells hard right away that may be a really good spot to get in. One strange thing is that Cramer was off today so there was no more pumping this morning. If they do miss which I doubt you will not hear him mention it for days or more.
The author is extremely bullish, explains why, quotes Cramer for his headline yet he is long/short through puts and calls. Writers and others like this drive me a bit crazy they pump like this yet they do not back it with their actions. Now the author does not list their name and actually is quite smart covering the angles by being both long/short but you will almost never hear from this writer if MU does miss which I doubt will happen. This is what Cramer does over and over then when a company disappoints like RAD days ago suddenly the pumping and mention of the stock disappears. This is all noise until after today's close right now MU is near the 52 week high in the pre-market so let's see how this plays out. I may trade the after market if it gets killed somehow.
You must be expecting a mixed or in-line report that may make shares pull back to around $30 then in three weeks back to $32. It's possible but if they beat or miss I would expect more volatility in either direction.
I agree that this is a long term investment like he said but he also kept blessing it as a growth stock which I find difficult to believe unless they make acquisitions which they are in no position to do. Obviously you are frustrated from the $8.62 pullback possibly you are in at the $8 area I don't know but stocks do pullback when they disappoint when high expectations are placed on a stock. The run to $8.62 was fluff fueled by Cramer and you will not hear him pound the table on it for awhile and that's the reality of Cramer. He will remind you endlessly of when he is right but contract amnesia when he is wrong. Cramer is in it for Cramer and his hedge fund pals and that's it. Let me give you a quick history of a couple of Cramer's flops: SHLD in the mid $100's...DMND around $87...JSDA in the $20's "because they use real sugar" was his quote and many more. We can get it right about half the time and he is no different. Frustration does lead to name calling and I understand how frustrating stocks can be I make trades each day. I may be stupid but I was smart enough to close out a few long positions above $7.50 twice recently and yesterday at $7.25.
QCOR has been amazing trading in tandem with MNK's price. Good old Citron must have got killed if they have not covered all their trades but just to show what a joke they are go look at the price target they put on BBRY today. I figure it may be to help get shares higher so they can short them. I would expect Lefty will come out and bash them on the airwaves if the shares get into the teens.
His calls that go up you get reminded of over and over. He will not mention RAD to buy again until it looks like it has bottomed....Cramerized!