Selling/Buying Ticks Countdown?
Joined 28/03/23 09:13
This week should give a good picture of how the economies of many countries are doing.
Look into possible opportunities and use technical analysis to figure out where to get in and where to get out. Use risk management to make sure that each trade is profitable.
Micron Technology is poised to post a loss of 66 cents per share on another drop in revenue. Three months ago, sales fell 41% to just over $4 billion. Jeremy Naylor | Analyst, London | Publication date: Tuesday 28 March 2023 The chip industry is still suffering from distortion originating from the Covid-19 pandemic. Orders soared during 2020 and 2021 to supply a technology boom, pushing Micron and other chip makers to produce more. Now, in the context of fears of a recession, they are left with excess inventories and are being forced to wind down their capital investment budget. Micron earnings Tonight after the close of Wall Street we've got an all-session stock reporting earnings, which could be interesting. It is the chip company, Micron Technology. It's poised to post a loss of $0.66 per share. Revenue is expected to continue declining to $3.75 billion. Three months ago, sales fell 41%, just over $4 billion. So it's on this downward trajectory. As I say it is an all-session stock on the IG platform. You'll be able to take a tilt at this in the markets after the close. It will open at 9:00 this morning, UK time at 60.08, that's $60.08 a share. Share price chart Look at the pressure the stock has been under. The semiconductor industry generally still suffering from distortion originating from the Covid-19 pandemic. Orders soaring during 2020 and 2021 to supply a technology boom, pushing Micron and other chip makers to produce more. Now, in the context of fears of a recession, they are left with excess inventories and are forced to wind down their capital investment budget. Micron Technologies reporting after the bell this evening on this Tuesday, 28th of March.
Absolute noob to trading here but having a lot of fun, just a question with the system.
I bought some shares in a company no problem, they had a massive slump last week. So this week they bounced back and peaked this morning, and if I had sold I would have made a few thousand bucks. However, when I tried to sell in the peak of the rise: I would go to sell shares, begin typing in the amount and type of sell etc, then up the top it would say something akin to "you have 10 ticks to complete this order". Because the stock was on such a crazy rise, those ticks would last no more than 2-3 seconds and once they had completed, my order would cancel and force me to restart. Is there any way to turn this off, or am I doing something wrong? It pretty much made it impossible for me to sell and I missed the bubble.
Thanks in advance.
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