WDC, NAND, NVM, enterprise storage systems, etc. Message Board

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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.

SNDK 200.32

+2.2%

Nov 21 9:30 AM EST

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JCnieuwenj

Mesaverde

Unwelcomeguest

To: Unwelcomeguest who wrote (3607)	4/10/2018 6:23:44 PM
From: bigchad	3 Recommendations Read Replies (1) of 4828

Micron was up almost 30% in a few weeks time going into earnings. While earnings justified the stock going higher, there is A LOT of hot money in Micron. Since they didn't meet whisper numbers of $3 a share all those short term people that consider two weeks a long term investment sold causing a further cascade of selling from all the people that buy Micron on margin, which I think is a substantial number. Throw gasoline on the fire from one of the biggest bullshit sell calls from a UBS analyst and here you are. Actually I'm pretty happy about that because it gave me the opportunity to sell some Micron $50 puts last week and generate some very, very nice income! WDC on the other hand is down 20% and counting from its high heading into earnings. All data points are pointing to a very strong quarter and 2018 with NAND being better than feared and the HDD business actually accelerating. It is also around the same price as it was about a year ago with the only difference being consensus going from about $7 a share in earnings at this time last year to $15 a share in earnings now. If Katy Huberty thinks there is over 20% upside in Seagates earnings from current estimates in the next year I don't see WDC earnings going down. I think you are pretty safe holding. My $200 PT still holds!!!!

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