I don't know about that theory but shares do appear to be tired or running out of steam today. It could be possible that each day closer to earnings buyers get more cautious it does tend to happen to a lot of stocks before they report.
Pull up a chart of BBY from Jan. 2013-Nov. 2013 and compare it to MU's Jan 2013-current. MU shareholders have to hope the following 2-4 months for BBY does not happen to MU. You can do it here on Yahoo.
He at least learned from the other embassy disaster. It would almost be political suicide for his remaining time if the terrorists repeated it there.
I will be shocked if not that's what Baird did at 1am like a lot of others seem to do. I'll bet MU will be approaching $33 by Friday I would guess but at this point this earnings release is going to have to beat by a decent amount on every metric. If it does reach $33 this week it will be up about 13-14% in a week. I'll be on the sidelines by then in eager anticipation hoping for some nice volatility after the numbers.
Possibly by the end of the week with all the analysts that will pile on if they even meet expectations.
No...$31.91.....just kidding market already closed. Imagine if we knew the close each day we wouldn't be typing messages here.
Possibly...there are two things I think may happen by Friday it does what you say and it may need the market to keep climbing the other is if the buyers at these higher levels show less conviction and start cashin' in along with some profit-taking before the weekend. Of course more analysts can pile on overnight and get you there in the pre-market Tuesday. We all find out in a week.
You know what's funny is it's most likely the same person or a couple with different user names with the love fest replies. They are on so many boards now on Yahoo. Mrs. Mayer is more concerned with jamming more ads here and about how she will milk Ali-baba which actually gave her a wake up call today with that news hitting the Yahoo stock today. When Yahoo gets to low to mid $33's I think you jump on it.
Nope their will be more this is exactly what they did with BBY last year (two different companies of course) MU's price is above a lot of their prior targets so most follow the herd. Wall Street loves to raise targets now anyone else who does come out after Wednesday will actually be sticking their necks out a bit so close to the release. You do have 5 upgrades in a few days and I will bet you will see at least 1-3 more before next Monday. This is what analysts do. What you need to watch is if somehow MU misses or disappoints how these newer raises act after the report.
Thanks for the post and I actually love this stuff. It weeds out the children in their thoughts when a stock they own doesn't keep going in the direction they expect each day. I love MU and have made a lot of money the past two years trading it since it was in single digits but I do trade it both ways on any given day but that seems to strike a nerve with some of the high schoolers here.
A lot of the longs on this board act like children when the shares don't keep going straight up like they expect. I have one question for you are you allowed to buy alcohol?
I'm a spammer? I give opinions spammers push sites and agendas. Another 18 year old buying another 150 shares of a stock Cramer told him to buy near it's highs. Good Luck Lad!
Agree I did at $31.99 covered a few minutes ago at $31.37....just a trader at these levels not an investor unless they paid a really nice dividend.
Just covered at $31.37 just wanted to make sure you were aware of it now I'm watching DAL which I have in and out of a lot lately. Is that OK?
I will be honest I did short some at $31.99 earlier and will wait just a bit longer to cover when the Nazdaq turns red. I'll make sure I keep you abreast of the situation. You know what's amusing is that I chatted with jokers like you last year all the time when I traded BBY almost everyday. Most of them have left that board and it is now full of spammers.