Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
He threw them under the buss along with some other chips makers. Of course he likes AMD, which he owns! LOL. Funny he didn't like NVDA either at these pps? Nothing else what he says sometimes has a reverse effect on the stocks! I'll take MU for $55.00 and NVDA for $295.!! by the end of the year! Works for me! JMO
lol, right, would luc to buy @ 37 - 39 !!! 30 to 40 % next year on this!
When did he trash MU? I'd love for him to trash MU, everything he praises goes down...
Interesting how Cramer was just trashing MU and just so happened not to mention they are buying back $10,000,000,000. dollars worth of stock! JMO
Ok, I wasn't expecting this today! First hour or two should be up! after that?? Looks like we finally have MU possibly being bought back? For me it couldn't come quick enough!! I have calls and shares coming out of my ask!! LOLOLOL Just maybe they will start getting the share structure lower?? JMO
I hear ya. Simply too much out there to make money on, than to have it tied up here. Micron had a ton of news in the hay day when stock was rising, now seems PRs are lacking. Maybe the buy back, maybe not anything much to talk about. But I can’t watch as this goes down or sideways.
I got better things to do with my money
Insiders cash in cheap shares? If the company is buying back shares, then I would think the inside people would hold onto their shares? Many reasons anyone sell shares, just pretty much one reason they buy shares, the insiders? I'm adding calls as weeeeeee speak! Green day today! I'll take it! Easier for a company that has a pe of 3+ to move higher than some companies with pe's of 20 times, 50x. JMO tomorrow options expire, could be interesting? JMO
Meanwhile, insiders cash in cheap shares, shareholders....oh well, who cares?
??? Well?????? Only a dollar down??? and was green today at one point??? I would love to know this is the bottom for MU???? Few more hours and we should see if it holds? JMO
Micron now below lowest price target by any analyst Sad
this is just about bottomed out imo....gonna add another 500....should be able to get $42 flat.....or maybe a little under
$$$$$$$$$$$$$$$ MICRON $$$$$$$$$$$$....glta
MU Trend
Chart is updated but it's not looking good for Long-only traders. The resistance line at $45.50 has not been changed since the last posting of this chart.
The trend was covering the whole fork up to the last time I posted this chart. Since then, the stock reversed prior to reaching the upper tine. That's bad. In fact, just as soon as MU traded above a descending SMA(20) with a green candle on Oct 2, that gain was reversed on the following day and on the next day MU was again trading below its quickly descending SMA(20).
There was a warning -- after the Friday of Sep 21 there appeared a Death Cross, wherein SMA(50) crosses below SMA(200) [yellow circle]. SMA(50) is running parallel to the fork.
Everyone should look at retail memory prices tracked at this location -- the decline has steepened:
https://pcpartpicker.com/trends/price/memory/
When hard drive prices also go down, that's really bad:
https://pcpartpicker.com/trends/price/internal-hard-drive/
Once trade war concerns fizzle, MU will double just like it did early in the year. $100 will come in a matter of a month of trading, It'll be very similar to AMD's rise. Just my opinion.
Stock has become boring. Good for Micron buying on the cheap.
Interesting today, My opinion is manipulation. The amount of shares trading and the relentless selling tells me that someone with a whole lot of $$$$ has been dumping till the cows come home! I would think after today we should have bottomed? Guess we see Monday? JMO
I think if we just turn off all access to the stock market for 8 months & check back next summer 2019. It's hard not to believe that MU will be trading at 55+ by then. But what do i know...
I just wanted to note I had seen him talking about MU, I take what he says with a grain of salt. I use it to my advantage sometimes, could be good for a bounce? maybe not? Of course today we appear to have had a huge speed bump! Lets see what tomorrow brings for a few stocks? JMO
That's pretty funny (sorta-kinda). I've seen other posters in recent years who have said the same thing you have.
I’ve made a living shorting everything Cramer suggests. Not because I don’t agree with him, but his track record of stocks going down after he puts his stamp of approval on it can’t be ignored. Not to mention he said HE was a buy at $20!
That's fine BUT Mr. Cramer has lost a lot of STREET CRED in the past few years. He may be right, he could be wrong. Just sayin'
Ok posting to myself, just wanted to mention that Cramer for what it is worth thinks MU is a buy! Of course many other smart people do also!! JMO Ok back to waiting.
Almost a high of $47.00 today?????? Just a little food for thought! Tomorrow is a new day? up? Down? sideways? JMO
Guess whos Jan $46. calls are looooooking goood!! All I need is another 20.00 up and I'll be a happy camper! LOLOL Ooooopps! Movie up today makes me a happy camper!! Nice! Makes you wonder if the company isn't buying shares back now? Ama@ was also up? JMO
Easy,
Surprised it did't happen yesterday.
MU is oversold; AMD is overbought.
But, on a scale longer than day-by-day, for the next six months AMD is a better investment than MU.
So how do you explain the role reversal today? MU up 2.5% AMD down 3.1%
Not bad, Although my nvda is doing great, Friday and today!!!! Who can complain when you own shares at $40.00 and their now at $290.!!! Sweeeet!! JMO
MU Stuck:
I don't know why it wouldn't follow that fork lower, even if it does get above that $45.50 resistance.
For now, let's see if it can trade above SMA(20) in the next few days.
Older version:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143673363
So says the emperor that wears no clothes.
Your Micron shares are at a loss right now today and trading below nearly all its longer term moving averages. In fact, it's struggling to trade above its SMA(20) today.
I suggest you reflect on this old link below (as MU after the daily close today still shows resistance to going higher):
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143673363
Meanwhile, AMD is making me money! Just closed the day up by 1.68%. How'd your Micron do today?
LOLOL, looks like MU is headed higher and guess who has a shi@ load of shares?? Yep this guy!!! I will be laughing all the way to the bank. You missed the whole thinking of what I was trying to show you. To bad. Some folks can only think inside a box, others as myself can see things some can't! Go MU!! Go!!! Don't you just love it??
Regarding masking symbols, and other things.
Ridiculous: If you write about NVDA but disguise it by writing it as NVD@ but everybody knows what you are doing, then you really haven't hidden anything. Additionally, if nobody knows what you are doing, then why do it?
Ridiculous: Sell your Calls on expiration day and watch the result, which is that the price of the stock goes up.
You still have the cart before the horse.
Option Expiration Friday Fact: as the price of the stock goes up, holders of Long Call positions will sell those Calls to take profits (or minimize their loss). Saying the same thing differently: the stock moves up first, then the Calls also move up as they should, then the Calls are sold. It is not the backwards way that you described.
You wrote of yourself, I pretty much stick to covered calls I buy to open. A Covered Call trade is opened by selling Calls, not buying Calls.
Something for you to think about: On any day, all the trade can be done with options, yet not a single share of stock has to be bought or sold. Some of those trades might be stupid trades -- but there is no law against being stupid.
I'm looking forward to which direction MU heads now. Mondays???? so so.... Tuesdays will give direction. JMO I still feel $55.00- $60.00 by the end of the year, possibly sooner! JMO Of course I know the symbol, but posting the symbol on a different board was always a no, no.
I have done very well with NVD$, NVD@. I have owned shares since $40.00 I sold 1/4 of them and the rest are free. I also have bought many calls, far out, short term, near the money, out of the money etc. What I am trying to explain is there is more of a feeding frenzy on Friday mornings for the first hour appr. if you were to watch you can see the volume jump as traders closing their position on a call that expires that Friday can push the pps higher for the first hour. Traders who have to buy the stock back, or traders with a profit on their calls then grab the money and close them out starting a little later. Just something I have noticed over the months, years, I pretty much stick to covered calls I buy to open.
Regarding Nvidia,
Its stock symbol is NVDA. It is not NVD@ or NVD#. You wrote ...
When I watch on Friday opening bell you will see stocks trading higher a lot of times out of the box. ( Just traders buying back the expiring options that day) Then over the next hour or so traders are selling out those expiring options they own. The pps usually of the option and stock will move lower, as the day gets closer to the close. So on Friday a price target of $400.00 was put out on yes NVD@ before the market had opened, and guess what happened to the options I owned? From a value of .50cents to over $4.00 when i sold on a $275 expiring Fri. Sept 28th. My 267. option also expiring on the 28th friday climbed like crazy and I sold for another nice profit! All I'm saying is Fridays you can get a read on how the stock may be shorted or folks are more long. JMO Yes Friday was a very nice day for me! LOL
What is NVD#?
Maybe NVDA?
also ...
Ah!! Your killing me! LOL. Well one good thing yesterday was the pps of NVD#. I guess all I can do is wait and watch what the pps does. Yesterday and the day before it appears to have stabilized but that could just be the options at the end of the week messing with the pps? I need a longer read. JMO
Buyback is most likely a slow process.
Which means you would not notice the effect on price.
Should Micron Buy Back Stock As Soon As Possible?
Sep. 10, 2018 1:40 PM ET
If Micron buys back shares as soon as possible at a purchase price between $40 and $50, it will increase the share price by 3% to 5%.
If the company buys back stock later into fiscal 2019, the price impact is less than 2% at best, subject to a possible 3% dilution from convertible bonds' conversion.
For a later buyback, MU will likely face a higher purchase price, a lower-than-expected free cash flow to use, and a potential convertible bond dilution.
To Micron shareholders, the buyback prices are always more important than the buyback timing.
The reluctance to make a timely pre-announcement may be perceived by the market as management expecting the stock to drop further. By itself, such expectations may push the stock price lower.
http://tinyurl.com/y97qq86p
Depending on the timing and the speed of the buy back, possibly we can move up and make any shorts chase? Of course that wouldn't hurt my feelings! LOLOL I'm pretty much locked in Until Jan at this point, can't or don't want to add anymore calls, I may buy more actual shares? Not sure. Thanks again. JMO
Well the good news is seems to be some support at 45, at least today. And some resistance at 45.25. Very close, could easily go either way tomorrow.
Need to break through 45.25, then “If” break above 45.50 might get some legs. 45.65 is another resistance level though.
Again, so tight right now could go either way.
A break below 44 and look out.
Again, what do I know?
Or touch both 43s and 45s within an hour of trading as only MU can do hahahah
Up 3% down 3% who knows anymore more, this stock is a crapshoot.
A BAM!, then move to $60?
If I thought so I wouldn't have sold all my shares. It could go higher, but not to $60.
Guidance by MU for this new quarter was lowered by about 10% (but they may match this quarter that just ended if MU achieves their typical "beat"). Guidance by analysts for the following quarter was lowered by another 10%. So the next two quarters are looking pretty bearish for MU.
I would not be surprised to see MU trade to the top of the fork then reverse lower. The problem is that MU could trade relatively flat from here -- see the $45.50 SR line I drew in the bottom chart -- and still hit the top of the fork in a few weeks.
Today MU actually closed below the center tine of the fork. With any bearishness in the market at all, MU could continue down from here and test the bottom tine again, and that could be at a level below $40.
There is quite a bit of resistance in the range of $52 to $53 (see SR chart below). I would not be surprised if MU does not close above that range in the next six months. There is also a fair amount of support between $40 and $45. So maybe the trading range is $42 to $52 over the next six months.
Just looking at your chart of the pps moving lower. What is very interesting it the stair stepping down before the last run higher! Same set up with the pps moving ever so lower. Then BAM!!! the pps moved over $60.00!! It's time again for the same upward move? JMO
Even if down rev/profits 10%, MU should easily be at least $50.
Come on when it WAS 10% less from now (rev/profits), it was in the upper $50s - $60s.
I have to agree,( Quote: manipulated semis.) The large funds can sit and manipulate the pps however they want it! JMO No selling my shares, I'll continue to look forward to my Jan. 46 calls, A few dollars above $46. and I'll be just fine. I like the number $55.- $60.00 by Jan!! LOL ok higher works also!
Does seem strange. All the upward guidance, all the hype... now silence almost.
Just my two cent opinion.
Hindsight is 20/20 but knowing what I know now about these semiconductor stocks I would've never gotten involved here. The only time I will ever buy again into the semis is at the end of a recession when prices are cheap. There are so many better plays out there in the market than these manipulated semis.
I believe the institutional investors and media have conspired to bring MU down and they hyped it up in the spring time with ridiculous price targets to get retail excited to buy at higher prices so they could have people to sell to. I remember MU being up 12% in late May in one trading session with huge volume. MU even raised guidance if I'm not mistaken in early summer and even defended the company after the China injunction came out in July.
I know things change in the market and around the world but I don't understand how the narrative on MU changed so quickly for the worse. How can a couple months later MU leadership gives lower guidance after raising guidance the earnings report before???? That doesn't make any sense to me. Nothing could've changed that drastically from then until now. The China Tariffs have been over-exaggerated. Everyone knows the Chinese are a bunch of thieves stealing American technology.
bounced back alittle bit, curious to see if we close above $45 or $43s Friday.
Never mind, MU is going straight down again to $43s; so much for thinking yesterday was a breakout to $50. Nevermind.
Followers
|
150
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
3821
|
Created
|
08/19/01
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |