Well, good ole WW aka Waldo essentially caved by buying some sqqq to hedge his bets, a good move last week, not anywhere near as smart the day the dow was down 1000 points.
And I can't imagine him having the trading skills required to manage a long mu, long intc, long sqqq account because his "trading" skills are, in my opinion, nil. oh well
You would do well to start reading the leavitt bros free blog every morning.
while the market may rally for several days, not simply a retest of the lows, but another leg down ahead
there likely will not be a sustainable rally for months and months to come
fwiw, you could have sold the sqqq last night for a tidy profit over 32 and bght em back this am at 28
meanwhile MU up a whopping .05
Oh, I seriously doubt the lows are in. the highs definitely, even with the market rally today, this puppy is underperforming, failed at 15.35 yesterday and the day before, and likely won't recover even that.
our hero, the real wallis weaver
"Not a surprise - what else do they have to do but chase me. I apparently have their full attention all of the time. How pathetic are their tiny lives? LOL
Back in the real world I don't think anyone found it surprising that Wall Street doubled down on stupidity and drove things back down. I had purchased some 3x inverse Nasdaq shares yesterday in prep and they did the job of hedging my Intel and Micron positions to a significant degree.
Really hoping I'll get another chance to buy at the previous lows but that would surprise me. Just wish we didn't have to listen to the big mouths, no shares idiots while this plays out. But you can fix stupid. Or mental illness."
that my friends is a poorly timed sign of desperation
the height of stupidity, and a sign of pure fear, and a trade I recommended last Wednesday on the mu board on a qqq close below the 50 day, it did the next day, but would never recommend now.
good luck trying to manage your positions now
july 6th, the most recent time intc was in the 30.00's, waldo pumping away and adding shares
waldo's style of "trading", add more shares
so, being an abysmal failure at trading, now wally is back to being stuck as a 66 some year old long term investor looking forward to 2016, his words, underwater on new shares both in poo poo mu and here, and despite tossing money into poo poo mu to bring his est average, new shares only, down to a mere 17.15, probably too low on my part, woefully underwater, and fighting an uphill battle.
But no worries, there's always next year.
price of mu then when waldo, no Keats by any stretch of the imagination, posted this drivel, 18.89, price now 14.27.
"The analyst firm also lowered its fiscal 2016 EPS estimates for Micron to 65 cents a share from $3"
Baird, several days ago on the price target reduction to 15.00
.now calculate the forward pe
the current market value is likely less than when reported over a month ago
you shouldn't be using the present tense, the last i heard china was having more significant issues to deal with than when the rumor of buyout interest arose.
and you have no idea what the long term investments are worth now
in oct 2002 zran had 9,00 in cash, no debt, share price, 8.97
could be worse, could have bght mu at 24 when waldo was laughing and calling the earnings report of mu a good one, down a mere 40 percent since then, an additional 20 percent off the bubble high
you're a great bellweather for when to sell, it's dropped like a rock since you posted this, from 3.80 to 2.82
"The analyst firm also lowered its fiscal 2016 EPS estimates for Micron to 65 cents a share from $3."
price target one year out 15.00
he has no clue how to manage money in a downtrend, and no chart reading skills whatsoever
estimated average on intc adds all year, no lower than 29, no sales noted. and he's managed to do even worse with mu.
needs a white swan event to save him
he's acting like he's making money when i believe most know he's likely way, way, way underwater, not only having given up more than a year of gains, but also down 10 to 15 percent on adds this year, his last noted intc add was the day after earnings, having blown the brief chance to sell out at 32.00, the next day, giving him the benefit of the doubt, say 29.00, est average on poo poo mu, a mere 17.13 on the low side, plus 14 commissions.
precisely what i should have switched to when the macd rolled back over, scalpinglong day trades on the way back down, while profitable, were miniscule
you do it every day, acting like you're a winner, you jumped with glee this morning with poo poo mu back at resistance, ie the high of yesterday way up there in the 15.30's, about 2.00 less than what you likely need just to break even on the 14 new buys. this downtrend is no where near over and you've been totally oblivious to the fact that every oversold bounce in intc has led to a lower low since this was overbght way back at the end of May in the 34's. You are so far underwater and keep acting like a self righteous know it all.
poo poo mu closing at a new 52 week low, congrats on your keen ability to have your accounts go from bright green to blood red since January
what a frigging idiot
smartest thing I did all year was sell the tqqq at 127.00. at the time the sqqq was 20 and change. If I'd been smart enough to follow the same chart that told me to sell, I would have bght the sqqq at the exact same time for a relatively easy 50 percent plus gain.
Sold TQQQ @ 127.4222
Bought MU @ 14.58
My timing was, to say the least, deplorable. Took the gain yesterday.
Wish the markets would edge back up,a little too dangerous to short, ie go long the sqqq at current levels.
from 20 to 30 in a month or so, I don't believe they really hit 40 at the low yesterday