Hi Bipin:
99% of the companies are in the same (price competitive) position as MU. The companies that cant manage in this fiercely competitive environment, fold and go away (one example, Intel's memory products). Once the price of the product becomes self-defeating, the markets adjusts itself, i.e. lessen production to increase price. This is true of every product in this world.
From the stock price (UP or DOWN) perspective one and only one thing matters TREND (BUY on UP trend, SELL on DOWN trend, if one was lucky to correctly predict the "trend").
Based on my perception (I have been wrong a lot of times), MU is on the UP trend (DRAM pricing is certainly of interest, but not the only determining factor, e.g. supply can be curtiled, again e.g. Japan wanting to cut production). I am wanting to find out if the above is based on reality and not fantasy. It is only natural to be subjective; extremly difficult to be objective
So, what is your opinion on : MU bottoming-out and MU's trend? |
