Would test the $21.20's again the low a few days ago. Holding in well for now but blink and stocks are down 50 points. Aren't HFT's wonderful? Especially since they now dictate investing in equities around the globe....Scary!
$21.97 I still believe this is about margin calls for MM's and a LOT of tax telling. I think the markets start to recover later today but start to head up on Monday. Of course I will probably be wrong especially in this market.
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.
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.
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.
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.
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 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?
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 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.
You got a gift today right before the open otherwise BBY would have been flat to up with the market not down over .70.