I assume you saw MU drop like a rock to around 55 a short while back and then go all the way up to 82+.
Now, profit taking has occurred.
The only thing I know for sure is MU is unpredictable.
Some say do not fight the trend, but right now, MU looks like a screaming buy, but risky. Earnings will be a loss but seems like the analysts will be looking how MU will be in 6-9 months and should be much better. DRAM is seasonally
strong, many transitions in the DRAM are in the beginning here, I think the shortage will continue, price will continue to be strong. Mu has to make money with this environment. They have multiple channels, different branding like crucial, agreements in place utilizing e-commerce, maximizing 64M yields, into .18um now, best cost in the industry.
MU seems to have a fair chance to make money going forward is why I think the stock will continue to go up.
If I am wrong, I guess I will holding shares for a while..
About a post on MU price direction from here/?
Good trading. |
