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Non-Tech : Kirk's Market Thoughts
COHR 139.230.0%2:31 PM EST
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To: Sr K who wrote (1443)6/22/2014 4:42:29 PM
From: Jerome   of 26520
 
For those that are followers of hedge fund holdings, tomorrow is a big day. Micron reports earnings tomorrow. This is significant because it is a major position in about a dozen hedge funds. (excluding BRK A &B).

I do not follow any particular hege fund, but I do make note of stocks that are held by multiple hedge funds.

I think that MU does a good report and outlook, because they are reporting on a Monday. If it were to be a poor report I think they would report later in the week to minimize the trashing of the stock.

But here is another outcome....Micron beats easily on earnings and raises expectation for the next couple of quarters. But the raised expectations are less than what investors wanted to hear. This could cause a modest pull back.

Note: I was optimistic on FNSR........and look how that ended up.
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