Past the ex date this is about VZ's report no buyers for now fearing a similar reaction when AT&T reports along with a big down day.
As I said a few months ago the CEO has been praising the deal as the savior for AT&T...meanwhile shares go lower each day that passes. What has this CEO truly accomplished except chasing other competitors with discounts.
There are very few buyers they fear T will have a similar report in a few days. This market actually wrecked VZ earlier but it is slowly gaining some back. The report was not as bad as the market is treating the shares but like I said they fear a similar reaction for T's shares. AT&T actually had a good report last quarter but the telecom market changes pretty quickly these days.
You know you may be right they have offered it to me already on this device. I forgot about that.
Just wait for the 52 week low or close to it SO will get there based on the Fed, it's a utility and it's current management.
One question is have consumers put off purchasing PC's and laptops giving us those poor numbers reported recently so as to get the new operating system. It is possible but MU has taken a different direction attempting to move away from the PC anyway.
MU acting well today in an ugly tape. "If" markets recover a bit by the close I think you can see a $19.20 close or better. I still believe on days like this Europe dumps into our markets before and after the 11:30am ET close. This is the rollercoaster I talked about last week down on an up day and up on a down day.
Some of the share price problem is the 10 year/Fed fears. Considering their market and potential growth like I said they were decent earnings nothing to write home about. They did run it up a bit into this release also.
was on CNBC after the release and talked the shares down despite what looked to be a decent quarter. Revenue miss but the other numbers were OK it would seem. Shares are getting crushed in the pre-market now let's see how it closes.
It's not worth that after the last release. I still believe the report may have been a kitchen sink quarter where they threw out all the bad news and lowered expectations dramatically. Next quarter should be easier to meet or beat..UPOD.
One good rule is don't let a trade become an investment it usually pans out to be right. We have to see if IBM hits everything tomorrow or just IBM otherwise there may be some buying in front of MSFT, AAPL and YHOO's results. MU closed today exactly where it closed on last Wednesday before it moved over $20 two days later.
You missed their statement before 1pm today..."Micron does not believe deal with Tsinghua is possible". Shares took a nice dive after the release then recovered and dropped into the close.
I did lost from $31 to $28 plus a few months ago. I just like this stock it has made me a lot of money trading it long and short for a few years now. It trades in a nice ranges over the course of a few days. I actually nibbled a little today $18.91 & $18.79 small amount will watch for a bit lower for a few day trade.
I could be wrong but MU is probably not obligated to say anything about a speculative takeover. Whenever a CEO is quizzed on the airwaves or in writing they have no comment. Today MU comes out and says they do not believe this deal is possible. Smart because they want to but shares lower for their own accounts or dumb because they had to figure shares would get hit further which they did.
This is a steady dividend payer but there is probably more downside to at least near the 52 week low based on the worries around the Fed. What is sad is that this used to be a well run company but under Fanning it appears to have some sloppiness at the top.