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oldarmy1
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6:15a, 6/12/19
AG
MU will fill its gap it looks like. And what fun! We get to buy calls again!

UPDATE: MU filled its gap $34.12 premarket which is why I went ahead with some shares. But as indicated below $34.75 to fill the upside gap would have me selling the trade intraday OR maybe selling weekly $34.50 covered calls for extra juice and/or automatic lowering of the shares should markets turn all the way over.

Quick! Someone tell me Micron's p/e
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oldarmy1
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6:28a, 6/12/19
AG
Model T retrace would be in the 2825 area. That would be golden level entry now that we have the pattern.

I would go in big if we were to overrun that mark via momentum band flash.

All this assumes markets do roll over for a consolidation cycle. Imagine the shorts getting caught in an actual continuation off the charts.

I went ahead and pulled the trigger on some MU shares at $34.05 and hope it moves below in trading hours for calls.
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oldarmy1
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6:38a, 6/12/19
AG
PINS under $26 might be interesting for a $28 call out 2 weeks after its push up above that mark. It didn't fill its gap at $29.30, but reached close to $29.
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oldarmy1
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7:21a, 6/12/19
AG
Will watch JPM for a pullback below $109 to enter calls.
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Ragoo
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7:26a, 6/12/19
AG
Thoughts on V?
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oldarmy1
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In reply to Ragoo • 7:32a, 6/12/19
AG
Ragoo said:
Thoughts on V?
Bulls are firmly in control on trend so buying any pullback with at LEAST new high resulting is my call.
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Ragoo
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In reply to oldarmy1 • 7:32a, 6/12/19
AG
oldarmy1 said:
Will watch JPM for a pullback below $109 to enter calls.
109 would form a reverse H/S, right?
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oldarmy1
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7:35a, 6/12/19
AG
Anyone who joined on MU buys down near $34 it becomes a choice should it fill the gap at $34.75 created premarket from yesterdays lows. I would likely bail on shares, hope that today is a churner that is symbolic of a tired market struggling to not give up the ghost before turning over in coming days.

Other than some premarket buys at morning lows before ES popped back up I'd be slow to move, opting to watch and see.
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ProgN
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7:38a, 6/12/19
Good morning team.
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oldarmy1
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In reply to Ragoo • 7:38a, 6/12/19
AG
Ragoo said:
oldarmy1 said:
Will watch JPM for a pullback below $109 to enter calls.
109 would form a reverse H/S, right?
It could see below $108 without crashing the inverse H&S pattern, but not willing to wait and see if it comes under $109. The gap filled from 5/22 and momentum took it another dollar higher.
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oldarmy1
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7:44a, 6/12/19
AG
LPSN $26 is everyone's key mark. Darvis Box closing lows have confirmed this completely. Flash below is fine, but a close below = end of the road.
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IrishTxAggie
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7:45a, 6/12/19
AG
I'm truly a glutton for punishment! I was just looking at my RH account and something seemed off about my balance. As I'm scrolling down I see 100 AVEO 1/21 $1 calls in my options! Completely forgot I set it and didn't expect it to fill. they filled at $.25. Soooooo. Yeah! Come on buyout!!
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Ragoo
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In reply to oldarmy1 • 7:50a, 6/12/19
AG
JPM seems to be relatively slow moving intraday. How much theta are you buying to see a move back up?
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oldarmy1
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In reply to Ragoo • 7:51a, 6/12/19
AG
Ragoo said:
oldarmy1 said:
Will watch JPM for a pullback below $109 to enter calls.
109 would form a reverse H/S, right?
Would buy the June 28 $113 Strikes below 80 cents. Please Please Please
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oldarmy1
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In reply to oldarmy1 • 7:57a, 6/12/19
AG
oldarmy1 said:
MU will fill its gap it looks like. And what fun! We get to buy calls again!

UPDATE: MU filled its gap $34.12 premarket which is why I went ahead with some shares. But as indicated below $34.75 to fill the upside gap would have me selling the trade intraday OR maybe selling weekly $34.50 covered calls for extra juice and/or automatic lowering of the shares should markets turn all the way over.

Quick! Someone tell me Micron's p/e
The answer to the p/e question is 3.2! That's THREE POINT TWO. Earnings per share? $10.65!

Big money is calling for a dividend. If MU decides to begin a dividend then I predict the stock is $50 on dividend portfolio accumulation, taking its p/e to 10. ROFL
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AgShaun00
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In reply to oldarmy1 • 8:00a, 6/12/19
AG
oldarmy1 said:
oldarmy1 said:
MU will fill its gap it looks like. And what fun! We get to buy calls again!

UPDATE: MU filled its gap $34.12 premarket which is why I went ahead with some shares. But as indicated below $34.75 to fill the upside gap would have me selling the trade intraday OR maybe selling weekly $34.50 covered calls for extra juice and/or automatic lowering of the shares should markets turn all the way over.

Quick! Someone tell me Micron's p/e
The answer to the p/e question is 3.2! That's THREE POINT TWO. Earnings per share? $10.65!

Big money is calling for a dividend. If MU decides to begin a dividend then I predict the stock is $50 on dividend portfolio accumulation, taking its p/e to 10. ROFL
long term stock buy?
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leoj
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In reply to oldarmy1 • 8:07a, 6/12/19
AG
I would think they might wait until next year when the chip cycle improves?
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oldarmy1
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In reply to AgShaun00 • 8:10a, 6/12/19
AG
AgShaun00 said:
oldarmy1 said:
oldarmy1 said:
MU will fill its gap it looks like. And what fun! We get to buy calls again!

UPDATE: MU filled its gap $34.12 premarket which is why I went ahead with some shares. But as indicated below $34.75 to fill the upside gap would have me selling the trade intraday OR maybe selling weekly $34.50 covered calls for extra juice and/or automatic lowering of the shares should markets turn all the way over.

Quick! Someone tell me Micron's p/e
The answer to the p/e question is 3.2! That's THREE POINT TWO. Earnings per share? $10.65!

Big money is calling for a dividend. If MU decides to begin a dividend then I predict the stock is $50 on dividend portfolio accumulation, taking its p/e to 10. ROFL
long term stock buy?
Absolutely
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UpstateAg
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In reply to oldarmy1 • 8:11a, 6/12/19
AG
There is a reason Pabrai bought a ton. I have been buying because I saw the amount of cash they have on hand. It is insane. They are my #1 tech stock right now.
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Shundere
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8:13a, 6/12/19
So I got busy at work yesterday and didn't get rid of my remaining MU or INTC. with a week and a half left I think I am just going to hold and maybe lower my cost average. What do you say OA?
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oldarmy1
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In reply to Shundere • 8:22a, 6/12/19
AG
Shundere said:
So I got busy at work yesterday and didn't get rid of my remaining MU or INTC. with a week and a half left I think I am just going to hold and maybe lower my cost average. What do you say OA?
Hate that you didn't have sells set. Write that down on your trading notes for when you're not able to monitor positions. I think you'll be fine but we'll need either a continuation pause set up or a quick drop down break versus churning slowly for those to really pay off. If we do push back to fill the $34.75 gap then decisions on it being continuation or simply gap and fail.
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Shundere
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8:26a, 6/12/19
Thank you for reply! I had sells set, but i guess they retraced and never hit the marks I had set. That is the biggest thing I struggle with as a new trader: when to sell. I should just start making it a point to sell half at 50% and once they go up to 100% sell the rest. DON'T BE GREEDY.
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oldarmy1
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8:27a, 6/12/19
AG
JPM erased all losses.
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oldarmy1
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In reply to Shundere • 8:27a, 6/12/19
AG
Shundere said:
Thank you for reply! I had sells set, but i guess they retraced and never hit the marks I had set. That is the biggest thing I struggle with as a new trader: when to sell. I should just start making it a point to sell half at 50% and once they go up to 100% sell the rest. DON'T BE GREEDY.
That is a great approach!
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gougler08
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In reply to oldarmy1 • 8:48a, 6/12/19
AG
oldarmy1 said:
AgShaun00 said:
oldarmy1 said:
oldarmy1 said:
MU will fill its gap it looks like. And what fun! We get to buy calls again!

UPDATE: MU filled its gap $34.12 premarket which is why I went ahead with some shares. But as indicated below $34.75 to fill the upside gap would have me selling the trade intraday OR maybe selling weekly $34.50 covered calls for extra juice and/or automatic lowering of the shares should markets turn all the way over.

Quick! Someone tell me Micron's p/e
The answer to the p/e question is 3.2! That's THREE POINT TWO. Earnings per share? $10.65!

Big money is calling for a dividend. If MU decides to begin a dividend then I predict the stock is $50 on dividend portfolio accumulation, taking its p/e to 10. ROFL
long term stock buy?
Absolutely
I've been selling puts as we go down here to lower my cost base as a long term play
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UpstateAg
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8:53a, 6/12/19
AG
OA, SUM becoming attractive down here?
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oldarmy1
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In reply to UpstateAg • 8:57a, 6/12/19
AG
UpstateAg said:
OA, SUM becoming attractive down here?
$13.50 is major support
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badharambe
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In reply to Ragoo • 9:18a, 6/12/19
AG
Thanks! Definitely think there is risk but rewards are tremendous, also 3 months ago they started a buy back program of up to 300$ million dollars.......their market cap is currently 580 million.....even if they plan to just buy back $200 million thats a lot of money into a small market cap.


300 millly
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FightinFarmer
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9:19a, 6/12/19
JPM JUN28 $113 calls at $.68
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oldarmy1
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In reply to FightinFarmer • 9:26a, 6/12/19
AG
FightinFarmer said:
JPM JUN28 $113 calls at $.68
Waiting as markets look to roll over.
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oldarmy1
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In reply to AgShaun00 • 9:28a, 6/12/19
AG
AgShaun00 said:
oldarmy1 said:
oldarmy1 said:
MU will fill its gap it looks like. And what fun! We get to buy calls again!

UPDATE: MU filled its gap $34.12 premarket which is why I went ahead with some shares. But as indicated below $34.75 to fill the upside gap would have me selling the trade intraday OR maybe selling weekly $34.50 covered calls for extra juice and/or automatic lowering of the shares should markets turn all the way over.

Quick! Someone tell me Micron's p/e
The answer to the p/e question is 3.2! That's THREE POINT TWO. Earnings per share? $10.65!

Big money is calling for a dividend. If MU decides to begin a dividend then I predict the stock is $50 on dividend portfolio accumulation, taking its p/e to 10. ROFL
long term stock buy?
Million share buy. You sly dog you!
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AgShaun00
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9:29a, 6/12/19
AG
close, just take off 4 zeroes
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FightinFarmer
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9:30a, 6/12/19
Gotcha, thanks. I saw it just sitting there, but was hoping someone smarter would chime in before I jumped on it.
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oldarmy1
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In reply to FightinFarmer • 9:33a, 6/12/19
AG
FightinFarmer said:
Gotcha, thanks. I saw it just sitting there, but was hoping someone smarter would chime in before I jumped on it.
OK I went ahead and took a smaller JPM position
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Aggie_2463
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9:38a, 6/12/19
AG
Ok, in a long term position on MU at $33.09.... good buy?
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