From the technical point of view, I believe the situation is much
clearer now than it was a few days before. If MU drops below $28
tomorrow or the day after tomorrow, I am afraid we will see $25-26
next week. Otherwise, it'll probably be back to ~$30. Look at the
same one year chart you posted. What happened after every spike,
or bluff if I may say, in a down channel? The drop accelerated.
Also, who do you think bought thousands of dirty cheap calls and
then puts from those soft knees last week? My friend, it is the
house (otherwise, there will be no house :^).
I will not be surprised if Micron goes out of business in a couple
years, because once a technology is matured, I am afraid it is
Asian's turn. They simply grab it, take no prisoners, and run.
What happened to steel, plastic, tv, vcr, camera, watch, microwave,
walkman, cd player, tape recorder, color monitor, ...? There is
probably one exception: car. But the automobile industry is
affirmtively actioned (a.k.a. quota'ed). The DRAM technology is
matured (I am not saying that it is not high tech). Does anyone
feel a bit weird that nobody talks about technology in this
techstock thread? Wafer size? This is the closest I can recall.
There is a good reason for it: there is no new technology to talk
about.
Uncle Joe, busy studying gap down and its implications ... |
