Jose, re"The indexes might be falling down the cliff or sky
rocketing, but MU sets its own course, regardless.
DRAM prices and white and red candles are fun to watch, but MU will never be predicted
by anybody, it has a unique behavior." I'd say that MU tends to correlate pretty strongly with the other semiconductor stocks. Granted, when it has earnings coming up things tend to differ considerably, or when a rumor is circulating about the company. I think most would say its a trading sardine that will crack down to fair value whenever the semiconductor stocks get out of their bubble. Fair value is much lower, of course. I repeat a statement I made earlier that a balanced discussion of MU is like the National Enquirer discussing War and Peace. A balanced discussion of the fundamentals is a waste of time, because currently they suck big time. The fact this isn't reflected in the stock price is moreso a reflection of the current mania in the market than any evaluation of business conditions- just TA, charting, etc. BTW, if you're just long MU, not hedged whatsoever, you are taking a huge risk on a stock that will crack down horrorshow with a significant decline in the market. |
