MUK, there has been a temporary tick up in DRAM prices to where MU is only losing about $1.50 a chip. What caused it is a mystery, unless the recall stories are to be believed. Amazing, the stock declines when MU is claiming DRAM prices are at $5, but on a hiccup to much lower prices, it rallies. One thing is certain: MU is increasing Mbit capacity 100% and Samsung, Infineon and NEC are neck and neck with those percentages. So, any quality problems whereever they may be, will be quickly resolved and we will return to swan dive in DRAM, as usual.
There also seems to be a huge short squeeze. Anyone who can do arithmetic knows the company is in deep kimshee, so those who don't understand long puts are shorting, making themselves vulnerable to the scamsters on the buy side. Hopefully, they are giving up the ghost today and we will get back to normal soon. |
