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Strategies & Market Trends : Value Investing

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petal

To: Madharry who wrote (71175)	9/21/2022 11:27:06 AM
From: bruwin	1 Recommendation of 78673

MU. Based on what I look for in a company's Financial Fundamentals I'd say that MU is worth buying at, or around, its current price which is lower than the target that I consider ...... Its price is in the "Support" (S) zone of its its previous "Support and Resistance (R)" zone, so it could very well move up from there, bearing in mind that this is not an Exact "SCIENCE" so the exact time of the move can not usually be predicted with absolute certainty ...... And its Revenues and its Net Incomes have been increasing and moving up steadily. The sort of trend that I like to see ...... And it can't be such a "Bad" Investment seeing as the two LARGEST Investor Houses in the US, VANGUARD and BLACKROCK, both have sizeable stakes in the company ........ At the end of the day I work on the principle of "Don't put the Cart (Technicals) before the Horse (Fundamentals)". In MU's case the "Fundamentals" look good, but the "Technicals", its price chart, doesn't comply. So the way I see it MU's price is out of step with the realities of the company's Financials. So i'll stick to basing a decision on what the Financials tell me ......

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