SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Micron Electronics (MUEI)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Captain Jack who wrote (4040)1/9/2000 11:28:00 PM
From: DanZ  Read Replies (1) of 4074
 
Ah, the trade vs. hold dilemma lol. I would guess that this decision might be based on your investment strategy, knowledge of the fundamentals, faith in management, tax considerations, and other factors. The middle ground between trading and holding is to hold a core position and trade the rest. Instead of selling all your MUEI, you might experiment with trading a higher percentage of your position.

I personally don't see a catalyst to push MUEI outside its trading range one way or the other right now. The stock has enough perceived value at about 9 1/2 to keep it above that. However, the company isn't doing well enough to push the stock above resistance. The stock has been in a narrowing trading range since about September. Each rally has been met with resistance at a lower price and each decline has been met with support at a higher price. This is typical of how a stock trades when investors are indecisive about the future fundamentals. The breakout, which ever way it goes, should give an important intermediate term trading signal. I would think that a close above 13 would be bullish and a close below 9 1/2 would be bearish. I don't have enough confidence in Micron's fundamentals to hold a position in the stock so I have just been trading it. I don't know enough about their potential as a buy out candidate but the stock isn't acting like this is imminent.

Best of luck with whatever you decide.

Dan
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News