MU is definitely bullish now, but $100/share, I am not sure. This industry is highly manipulated, and MU and Samsung are going to fight tooth and nails for hegemony, the result will be over capacity (Taiwan is getting into the fray as well), and then lower prices and losses. Unless you use an ascending stop loss, I would be very careful, but right now, MU is in very good technical shape. I rode it from the equivalent of $25 to $50, prior to the split, based on the "scenario" which I described last year on the MU thread, but that had to do with a forced conversion, I did not expect it to go beyond $55 ($110 presplit), but as is often the case, the turnips where wrong, and an engineered rise turned in enough momentum (and hype like that of Niles) to turn the tide on it.
As for the genocide the Turks committed against the Armenians, too many people have forgotten about the "40 days of Moussadek" (I hope my spelling of that mountain's name is correct), and it is important to remind humanity of its inhumane sides, from time to time.
Zeev |
