Ken HY,
if you bgt your stock with hard cash then either use stops at a percent you feel comf with or better yet buy some protevtive puts because we are getting to a crucial period with the btb and mu's earnings and fridays mkt action has to be respected for the same could happen soon because of more comments and or economic news next week...and this time the stocks might not come back.
if you are on margin then since mu closed at 34 if there is any rally close to 34.25 then trim that position down, if you lose the commis big deal, this stock is volatile and you will probably be able to buy some calls as leverage a bit cheaper than fri close prices if the stock tests fri's intraday lows next week...if you have lots more money then you have so many more options,you can use stops around the two critical dates and you can put double up bids a chosen per centage below your stops but be very agressive on quick intraday rebounds to trade around your positions...
All in all one on one specific advice is hard to give by anyone if that person does not know your age , risk tolerance ,net worth, income, experience tradingetc...MU is not for the general public to trade since it is an enigma right now to everyone....if you want a safer stock look at IBM...
lastly , ihave been telling you all to buy MU for a while , the stock has pulled back twice to 25 since i started talking,,why did you not buy some then....also you should try to buy stocks on a declining cash balance so you always have cash to buy on dips and as i have stated you should have some good mutual funds for diversification...don't put all your eggs in one basket esp with vloatile stocks like MU,TXN,MSFT,USRX,AOL,ABX and so on...
ps you are responsible for your actions , if you don't have time to follow volatile stock during the trading day then don't play them...i can spen all day watching the screen if i wish so i can move in and out many time in a day....
i have never talked to simplot or TK so don't get paranoid... |
