Wow! A lot of negativity there. Maybe the whole semi market is going to "crash" soon. I think with that scenario I am going to find me a cave somewhere, buy up some years of supplies and go into hibernation for awhile. I assume it is safe to "short" the memory sector and equipment makers here?-:)
My hunch is there is going to be a MAJOR DISASTER in the NAND industry in Q1, with the outlook for Q2 not being "the bottom", but instead the outlook is inventory is super high, demand is non-existant, and we're all cutting all CapEx for the foreseeable, cutting dividends, conserving cash, selling off non-core assets, and seeing which competitor is going to be the next to die.
Let's take a look at the last 6 months of Micron activity in weekly chart format. Not bad really from end to end, but down a few bucks from around 43/44 to closing at 39.54 today(~ -9%). However, look at the wild swings in prices, gains and losses over the 6 months. Initially down about 40%, then an upward trend for 10 weeks gaining 55%, and now down -10% the last couple of weeks. Micron is a great trading stock. Of course being on the right side of the trade is paramount. This is like getting on a bucking bronco!
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