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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Sam who wrote (56835)7/10/2012 6:59:57 PM
From: Donald Wennerstrom1 Recommendation  Read Replies (1) | Respond to of 95737
 
Trying to read between the lines on the MU/Elpida situation from the article, it appears the resolution may take awhile to resolve. If that happens we might see a lot of up and down action in MU stock price while the "bigwigs" are trying to settle on the details.

MU down 33 cents today or a little over 5 percent. The last 2 days MU has gone from 6.72 to 6.16, down 56 cents or 8.3 percent. The last 2 weeks, MU was up in the 16 percent range, so in the last 2 days down about half of that. Wish I knew how to get on for these short term ups and downs without losing my shirt.<NG> The problem of course is we don't get the news until it is "old news" and the Wall Street traders have already made their daily 5 percent or so on the overnight trading floor. After awhile that kind of trading adds up to big money.

Don