But did you see the momentum move how quick to $39.43. I see no news and if there is none I'll bet this fades back under $39.
I see no news yet. You got to love it the Dow up a hundred on bad macro numbers this morning. Welcome back the Fed. Just sold my GME $49.50 nice quick cash from around $47's.
that yesterday early when the market was up before the Fed statement MU hit $18.51 in an up market. It's like they drive it down knowing this Einhorn news will come out today. Even before this news actually showed up MU was up pretty good early today. Insiders truly do run this market.
No news on when and how much. I sold the spike it will pull back again then I will get back in. This news should have made a new 52 week high with the Nazdaq up big today so that tells me there will be some profit taking up here gain.
The earnings were good but guidance was a problem they say. Overdone I think it can get over $49 today. It has had a major run maybe that's why the hit.
Yeah I just bought some at different prices near $47. I 'll give it a shot hopping for $49+ by the close.
trim some trees do something.
at least they waited until after earnings to pile on. I'm waiting for all the other firms to chime in here after the report. They are mysteriously absent today.
I guess they are mind readers. The little firm known as Citi helped bring down the world economy and their shares from the $60's to a $1 plus. It took a reverse split (1-10) to get the shares where they are that was a different Citi I guess. I give them credit for waiting until after earnings to pile on. I got news for you BBY will be near $38 by Friday and the mid $30's in a few weeks.
I am long Mu this minute so but I do short stocks so I guess stocks should go straight up without any curbs that would lead to efficient markets no? That and printing money until we all die too.
Buyers would boost the stock and they disappear under $20. It has become an easy trade. Facts from a CEO? I would guess he will have his paint brush with him for that pretty picture. Overcapacity is on the way and the seasonal trade is ending soon along with 2013.
The trend is your friend and the bias to the upside is gone. The business model is not sustainable with declining margins and comps get tougher in 2014 please look at the estimates. This stock will be sold in early December along with most of the high flyers and I believe this will be in the mid $30's in a few weeks. This will touch $38 by Friday and will grind lower after that. When the momentum guys see the trend has changed they leave too. Joly and Schulze were selling at the top like most insiders do. Just my take and I am hearing a lot of others on the networks saying the run is done. Where are the analysts today defending that report?
If you have not taken your 2013 profits in BBY you are running out of days to do it. This report was a carbon copy of the last one with their cost cutting initiative 2/3 of the way done. Their margins will continue to get hit the CFO said it during the CC. I'm not in until the dust settles and I will only trade it is no longer an investment but longs are taking a chance here holding into 2014. Good luck and watch the Motley video here on Yahoo the ones who could not tell you to buy enough each day suddenly their round table experts are telling you they cannot sustain this business model. I did not see Cramer come out last night and defend the report which tells me his hedge fund pals are bailing. BBY's comps get much tougher going forward. As this grinds lower into December remember the opportunity you let slip away. This will turn out to be just another classic WS pump and dump over the next few months.
None of the other analysts had the b-lls to downgrade BBY so far because they have to admit they were wrong. Citi was smart enough not to pile on prior to earnings and keep a neutral on it to leave them room to move later. WS analysts are just too funny. If Bernanke or Yellen ever pulls the plug on free money let's see how these guys react then to all of the stock universe.
I can't say I blame him. If you were going to take your company private in the mid $20's then see the shares collapse below $12 not long after then within a year see them in the mid $40's not far from their all time highs I would not have enough hands or fists to sell shares. I would be using my feet to sell my family's shares too.
Don't be angry your still up big for the year no? Just alerting board members to more BBY discussion. By the way I have been transferring lately have to give my kids their allowable amounts before year's end about to transfer $10,000 more now from the brokerage account to my checking...+$293,000 not including dividends for 2013. Take care I have to do it before 6pm to get it in for Wednesday. Good luck with BBY tomorrow that's why I hold no shares into earnings other than my core bond and dividend payers that I have owned for decades. Got to go now!
This CC sounded like a carbon copy of the last one. Nothing changed the EPS beat buy a bit through cost cutting and revenue was in line and did not grow year over year. All I heard out of the CFO's mouth again was negative comps throughout her whole summation after Joly painted a pretty picture first. When a stock is up from $11.20 to $44.66 in eleven months you have to give investors especially growth and momentum ones something to grab on to and I did not hear that on the CC. Now Cramer tonight and analysts tomorrow (Credit Suisse could not wait they upped their target this morning) will try to defend this since their egos will get in the way if they are wrong. Should it surprise people that the high flyers are getting hit at the year's end?